Further to the announcement published on 25 April 2025 in relation to the completion of the Takeover Bid to the shareholders of Hellenic Bank Public Company Limited (“Hellenic Bank”), Eurobank S.A. (the “Offeror”), a subsidiary of Eurobank Ergasias Services and Holdings S.A., announces that the participation of the Offeror in the issued share capital of Hellenic Bank is 97.994%.
Pursuant to the Takeover Bid terms, given that the Offeror holds more than 90% of the issued share capital of Hellenic Bank, the Offeror intends to exercise the Squeeze Out right provided by Article 36 of the Takeover Bids Law of 2007 to 2022 (the “Law”) in order to acquire 100% of the shares of Hellenic Bank at the price of €4.843 per share, which was also the consideration offered during the Takeover Bid process. This right may be exercised within three months from the completion of the Takeover Bid acceptance period.
The Offeror informs the investment community, in accordance with the provisions of the Law, that, on 28 April 2025 the Offeror applied to the Cyprus Securities and Exchange Commission for the exercise of the Squeeze Out right provided by the Law, for the acquisition of the remaining 2.006% (i.e., 8,279,967 shares).