INFORMATION DOCUMENT for the listing shares from the Stock Option exercise | Eurobank
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INFORMATION DOCUMENT for the listing shares from the Stock Option exercise

INFORMATION DOCUMENT
in accordance with article 4 par.1.e and par.2.f of l.3401/2005, for the listing of EFG Eurobank Ergasias S.A’s shares
from the Stock Option exercise
EFG Eurobank Ergasias S.A (“Bank”), within the framework of the approved by the General Shareholders’ Meetings Stock Option Plans (“Plans”) for  the  members of the staff and of the Board of Directors of the Bank and its affiliated companies, and in accordance with article 4 par. 1.e and par. 2.f of l.3401/2005, informs the public about the following:
1. BRIEF DESCRIPTION OF THE STOCK OPTION PLANS
The Bank, within the framework of a sophisticated motivation and remuneration program of the efforts and achievements of the members of the staff and of the Board of Directors of the Bank and its affiliated companies, according to the provisions of article 13 par. 9 of c.l. 2190/20, offers stock option certificates for the purchase of its shares. The above certificates are distributed to the members of the staff and of the Board of Directors of the Bank and its affiliated companies, are personal and not transferable.
Criterion for participation in the Stock Option Plans is the especially high contribution to the  Bank’s or the affiliated company’s results, in combination with the position and the functional level of responsibility of each individual. 
In order for the rights of the beneficiaries of the certificates each time issued not to be distorted, the number of shares issued and based on these certificates is each time mathematically adjusted, in case the Bank’s share capital is modified in the meantime, i.e by issuance of new shares, bonus or by cash payment, or if the share’s nominal share is modified, or in case of other corporate actions such as merger etc.  In such cases, the Board of Directors determines the new equivalence of shares and exercise price, which will be applied for the stock option certificates.
Within the framework of the Plans implementation, as described herein below, stock option certificates’ beneficiaries may exercise their rights every December of each provisional year, by paying in cash the total amount for the procurement of the shares for which options are exercised. Beneficiaries may exercise their rights provided that, at the time of the exercise, they continue to provide their services to the Bank or the affiliated company. 1st Plan–General Shareholders Meeting 24/5/2000 resolution
According to the 19/12/2000 Board of Directors’ decision, the stock option certificates of the 1st series of the 1st Plan were issued and distributed to the beneficiaries - members of the staff and of the Board of Directors of the Bank - for the acquisition of up to 546,000 Bank shares at the price of 850 Drs per share, after the mathematical readjustment of the 420,000 shares which were initially determined by the General Shareholders Meeting of 24.5.2000. The rights of the above stock option certificates could be exercised during the year 2000. According to the 21/03/2001 Board of Directors’ decision, the stock option certificates of the 2nd series of the 1st Plan were issued and distributed to the beneficiaries - members of the staff and of the Board of Directors of the Bank - for the acquisition of up to 182,000 Bank shares at the price of 4.615 Drs (13.5436 euros) per share, after the mathematical readjustment of the 140,000 shares which were initially determined by the General Shareholders Meeting of 24.5.2000. The rights of the above stock option certificates could be exercised during the years 2001, 2002 and 2003. 
1st series:
  • At the year of the rights’ exercise, i.e. on December of year 2000, the total number of stock option rights was exercised, i.e. 546,000 shares in total from 1,076 beneficiaries, at the offer price of 850 Drs per share.
2nd series:
  • According to the 9/11/2001 decision of the Board of Directors, the total number of shares was readjusted from 182,000 to 182,287 and the price per share from 4,615 Drs to 4,608 Drs.
  • During the first year of the rights’ exercise, i.e. December of year 2001, 38 beneficiaries exercised their stock option rights for 21,922 shares in total, and therefore rights for the acquisition of 160,365 shares remained unexercised.
  • According to the 7/11/2002 decision of the Board of Directors, the total number of shares was readjusted from 160,365 to 160,758 and the price per share from 4,608 Drs (13.5231 euros) to 13.49 euros.
  • According to the second year of the rights’ exercise, i.e. December of year 2002, no stock option rights were exercised, and therefore rights for the acquisition of 160,758 shares remained unexercised.
  • With the 13/11/2003 decision of the Board of Directors, the total number of shares was readjusted from 160,758 to 161,117 and the price per share from 13.49 euros to 13.46 euros.
  • During the third and last year of the rights’ exercise, i.e. December of year 2003, 6 beneficiaries exercised their stock option rights for 32,110 shares in total.
  • Therefore, stock option rights for 54,032 shares in total were exercised from the 2nd series of the 1st Plan. There are no pending rights, given the expiration of the Plan.

2nd Plan –General Shareholders Meeting 15/5/2001 resolution
According to the 9/11/2001 Board of Directors’ decision, the stock option certificates of the 2nd Plan were issued and distributed to the beneficiaries - members of the staff and of the Board of Directors of the Bank  - for the acquisition of up to 355,200 Bank shares at the price of 8.00 euros per share. The rights of the above stock option certificates could be exercised during the years 2002, 2003 and 2004.
  • According to the 7/11/2002 decision of the Board of Directors, the total number of shares was readjusted from 355,200 to 356,090 and the price per share from 8.00 euros to 7.98 euros.
  • During the first year of the rights’ exercise, i.e. December of year 2002, 125 beneficiaries exercised their stock option rights for 190,537 shares in total, and therefore rights for the acquisition of 165,553 shares remained unexercised.
  • According to the 13/11/2003 decision of the Board of Directors, the total number of shares was readjusted from 165,553 to 165,970 and the price per share from 7.98 euros to 7.96 euros.
  • During the second year of the rights’ exercise, i.e. December of year 2003, 49 beneficiaries exercised their stock option rights for 148,321 shares in total, and therefore rights for the acquisition of 17,649 shares remained unexercised.
  • According to the 15/11/2004 decision of the Board of Directors, the total number of shares was readjusted from 17,649 to 17,627 and the price per share from 7.96 euros to 7.97 euros.
  • During the third and last year of the rights’ exercise, i.e. December of year 2004, 5 beneficiaries exercised their stock option rights for 3,946 shares in total.
  • Therefore, stock option rights for 342,804 shares in total were exercised from the 2nd Plan. There are no pending rights, given the expiration of the Plan.
3rd Plan –General Shareholders Meeting 22/4/2002 resolution
According to the 7/11/2002 Board of Directors’ decision, the stock option certificates of the 3rd Plan were issued for the acquisition of up to 860,000 Bank shares at the price of 6.00 euros per share. The rights of the above stock option certificates could be exercised during the years 2003, 2004 and 2005.
  • According to the 13/11/2003 decision of the Board of Directors, the total number of shares was readjusted from 860,000 to 861,436 and the price per share from 6.00 euros to 5.99 euros.
  • During the first year of the rights’ exercise, i.e. December of year 2003, 219 beneficiaries exercised their stock option rights for 753,521 shares in total, and therefore rights for the acquisition of 107,915 shares remained unexercised.
  • According to the 15/11/2004 decision of the Board of Directors, the total number of shares was readjusted from 107,915 to 107,735 and the price per share from 5.99 euros to 6.00 euros.
  • During the second year of the rights’ exercise, i.e. December of year 2004, 10  beneficiaries exercised their stock option rights for 67,901 shares in total, and therefore rights for the acquisition of 39,834 shares remained unexercised.
  • According to the 29/11/2005 decision of the Board of Directors, the total number of shares was readjusted from 39,834 to 39,901 and the price per share from 6.00 euros to 5.99 euros.
  • During the third and last year of the rights’ exercise, i.e. December of year 2005, no stock option rights were exercised.
  • Therefore, stock option rights for 821,422 shares in total were exercised from the 3rd Plan. There are no pending rights, given the expiration of the Plan.
4th Plan –General Shareholders Meeting 19/5/2003 resolution
According to the 24/7/2003 Board of Directors’ decision, the stock option certificates of the 4th Plan were issued for the acquisition of up to 1,355,000 Bank shares at the price of 5.50 euros per share. The rights of the above stock option certificates could be exercised during the years 2004, 2005 and 2006.
  • According to the 15/11/2004 decision of the Board of Directors, the total number of shares was readjusted from 1,355,000 to 1,352,541 and the price per share from 5.50 euros to 5.51 euros.
  • During the first year of the rights’ exercise, i.e. December of year 2004, 270 beneficiaries exercised their stock option rights for 1,350,933 shares in total, and therefore rights for the acquisition of 1,608 shares remained unexercised.
  • According to the 29/11/2005 decision of the Board of Directors, the total number of shares was readjusted from 1,608 to 1,611 and the price per share from 5.51 euros to 5.50 euros.
  • During the second year of the rights’ exercise, i.e. December of year 2005, 3 beneficiaries exercised their stock option rights for 1,176 shares in total.
  • Therefore, stock option rights for 1,352,109 shares in total were exercised from the 4th Plan. The remaining rights for the acquisition of 435 shares may be exercised on December 2006.
5th Plan –General Shareholders Meetings 5/4/2004 & 29/11/2004 resolutions
According to the 9/6/2004 Board of Directors’ decision, the stock option certificates of the 5th Plan were issued for the acquisition of up to 1,550,000 Bank shares at the price of 9.00 euros per share, The rights of the above stock option certificates could be exercised during the years 2005, 2006 and 2007. According to the 10/12/2004 Board of Directors’ decision,  the certificates issued on 30/6/2004  (according to the 9/6/2004 Board of Directors’ decision), were cancelled and replaced with new stock option certificates for the acquisition of up to 1,550,000 Bank shares, the rights of which may be exercised during the years 2004, 2005, 2006 and 2007 at a price of (i) 9.30 euros per share, if the stock option right is exercised during 2004, and (ii) 9.00 euros per share, if the stock option right is exercised during the years 2005, 2006 and 2007.
  • During the first year of the rights’ exercise, i.e. December of year 2004, 303 beneficiaries exercised their stock option rights for 1,501,920 shares in total, and therefore rights for the acquisition of 48,080 shares remained unexercised.
  • According to the 29/11/2005 decision of the Board of Directors, the total number of shares was readjusted from 48,080 to 48,187 and the price per share from 9.00 euros to 8.98 euros.
  • During the second year of the rights’ exercise, i.e. December of year 2005, 14 beneficiaries exercised their stock option rights for 46,167 shares in total.
  • Therefore, stock option rights for 1,548,087 shares in total were exercised from the 5th Plan. The remaining rights, for the acquisition of 2,020 shares, may be exercised on December 2006 and 2007.
6th Plan –General Shareholders Meeting 18/4/2005 resolution According to the 16/6/2005 Board of Directors’ decision, the stock option certificates of the 6th Plan were issued for the acquisition of up to 1,525,000 Bank shares at the price of 18.00 euros per share. The rights of the above stock option certificates can be exercised during the years 2007, 2008, 2009 and 2010.
 
2.      BANK’S SHARE CAPITAL INCREASE DUE TO STOCK OPTION EXERCISE DURING DECEMBER OF YEAR 2005
As a result of the above mentioned stock option exercise of the Bank’s 4th and the 5th  Plan during December 2005, the Bank’s share capital increased with the 16/12/2005 decision of the Board of Directors, by the issuance of a total of 47,343 (1,176 + 46,167) new shares, of a nominal value of 3.30 euros per share, for the acquisition of which the beneficiaries of the relevant certificates paid a total amount of 421,047.66 (6,468.00 + 414,579.66) euros (i.e. a total nominal value of 156,231.90 euros plus 264,815.76 euros total share premium value). On 19/12/2005, the Board of Directors certified the payment of the amount of the above increase.  The above 47,343 new shares will be issued in the name of the ones who exercised their stock option rights, and the Bank will take all necessary measures for the shares’ listing in the A.S.E.  These shares will be registered in the files of the Central Securities Depository S.A. in the beneficiaries’ investor share and account number in Dematerialized Securities System, according to  law.
Following the above, the Bank’s total paid-in share capital amounts to 1,053,760,788.30 euros divided to 319,321,451 registered shares, of nominal value 3.30 euros per share.
In the framework of the implementation of the Stock Option Plans, which were resolved by the General Meetings of the years 2000, 2001, 2002, 2003, and 2004, there have been exercised rights which correspond to 4,664,454 shares (including the new 47,343 shares) in total, of today’s nominal value of 3.30 euros per share.
Responsible for this Information Document and the accuracy of its contents are Messrs:1. Dimitris Mitrotolis, Head of Accounting and Corporate Governance
2. Martha Fotinopoulou, Head of Corporate Governance
The current Information Document is available at the Bank’s offices in Athens, 16 Laodokias Str., 115 28, Athens, and in the Bank’s website www.eurobank.gr.  For any further information, please contact Mrs Martha Fotinopoulou at the above mentioned Bank’s office, during working days and hours (tel.:210 7452346).