Completion of the process of distribution of the fractional balances resulted from the reverse split | Eurobank
Choose Language Top Menu Main Menu Extra Button Menu Page Contents Footer Search

Completion of the process of distribution of the fractional balances resulted from the reverse split

Eurobank Ergasias S.A. (“the Bank”) announces that on December 23, 2015, the Bank completed the process of distribution of 17,644 ordinary shares, which have been resulted from the decrease of the ordinary share capital of the Bank with concurrent (i) increase of the nominal value, currently at €0.30, of each of the 14,707,876,542 ordinary registered shares of the Bank through a reverse split resulting to 147,078,765 ordinary registered shares at a new nominal value of €30.0000000856684, i.e. at a ratio of 100 existing shares to 1 new ordinary registered share, and (ii) the decrease of the new nominal value of each of the said 147,078,765 ordinary registered shares from €30.0000000856684 to €0.30, aiming at offsetting equal losses carried forward by forming a special reserve of an equal amount, in accordance with article 4, par. 4a of c.l. 2190/1920, as this corporate action has been resolved, among others, at the Extraordinary General Meeting of the Bank’s shareholders held on 16 November 2015 and approved with the decision no. 120313/24.11.2015 of the Ministry of Finance, Development and Tourism.
The final net proceeds from the distribution amount to 18,251.49 euro. Beneficiaries of the proceeds from the distribution are the shareholders of the Bank who were registered in the records of the Electronic Dematerialized Securities System (DSS) of the Hellenic Exchanges – Athens Stock Exchange S.A. on November 30, 2015 (record date).
The proceeds from the distribution will be conveyed to the beneficiaries according to the attributable amount as follows:
A) To the shareholders who have appointed the Bank as operator of their securities account in the DSS, through deposit, on December 30, 2015, in their account held by the Bank.
B) The rest of the shareholders may collect the abovementioned amount, starting on December 30, 2015 as follows:
1. Through their respective operators in the DSS or

2. Through any branch of the Bank, either in person or via their legal representative, by presenting their Identity Card as well as a printout of the ISC (extract with the Investor Share Code Number in the DSS) and in the case of legal representation, the power of attorney of the beneficiary, with the signature verified by a Public Authority.
For further information, shareholders may contact the Bank’s Investors Information Services Division at 2-6, Pesmazoglou Str., 101 75 Athens (tel. +30 210-3704400), during working days and hours.