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ATTICA BANK S.A. - PRICE FLUCTUATION LIMITS OF 21 - 10 - 2024
As of October 16, 2024: a) the trading of the 53,064,387 (CR) shares of the company "ATTICA BANK S.A." (GRS001003045), (par value of €0.05 per share) is suspended and the aforementioned shares are deleted from the OASIS Trading System, in order to be replaced by 530,644 new (CR) shares (par value of €5.00 per share), which resulted from the recent Reverse share Split. The start date of trading of the new shares, with final new par value of €0.05 per share, following the decrease in share par value is set at October 21, 2024, b) the shares of the same company are ex-rights, in terms of 677.4209451157461 new (CR) shares for every 1 old (CR) share held - with issue of 359,469,360 new (CR) shares - at an issue price of €1.87 per share, and c) the shares of the same company do not have the right to participate in the share capital increase with the issue of 359,469,360 Warrants and their conversion to 1,258,142,760 new (CR) shares, in terms of 1 Warrant is offered for each 1 new (CR) share resulting from the rights' issue under b), giving the right to its owner to convert 1 Warrant to 3.5 new (CR) shares, at an issue price of €0.05 per new share. The start date of trading of the shares following the halt of trading due to the reverse share split, with new ISIN GRS001003052 and with adjusted start share price of €0.5240 is set at October 21, 2024.The rights' trading period is set from October 21, 2024, to October 30, 2024 (included). The rights' subscription period is set from October 21, 2024, to November 4, 2024 (included).
It is clarified, according to article 2.6.3. of the ATHEX Rulebook, and to the decisions No 22 & 26 of the ATHEX BoD, as in force, that the fluctuation price limits of the share price only for the trading session of October 21, 2024, are set as follows: +30% at the adjusted closing share price of the ATHEX last trading session (October 15, 2024), as it results following the reverse share split: €210.99 and -30% at the adjusted start share price, resulting from the subsequent share capital increases after the reverse share split: €0.524.
Due to the specific sequence of corporate actions that ATTICA BANK S.A. implements, for convenience, below is given the formula for the calculation of the adjusted start price of the share, which applies according to Decision 26 of the ATHEX Board of Directors:
The following can be deduced from the above:
Closing share price of the ATHEX last trading session of October 15, 2024, as it results following the reverse share split: €210.99
Adjusted start share price, only for the trading session of October 21, 2024, resulting from the subsequent share capital increases after the reverse share split: €0.524
Maximum Trading limit +30%: €274.00
Minimum Trading limit -30% : €0.367
Right's Start of Day Price on October 21, 2024: €210
Rights' trading period: October 21, 2024 - October 30, 2024
Daily Ceiling / Floor limit for the rights' trading: none
According to the above, and taking into consideration that in the system ΟΑΣΗΣ (the Advanced Electronic & Automated System for Securities Trading of ATHEX) the start share price - in this case - is the adjusted share price, the maximum and minimum trading limits are formed as follows:
Start share price: €0.524
Ceiling + 52,190.08%: €274.00
Floor -30%: €0.367
Links
- HCMC - Hellenic Capital Market Commission
- HBA - Hellenic Bank Association
- ΣΕΠΕΥ - Σύνδεσμος Εταιρειών Παροχής Επενδυτικών Υπηρεσιών
- SMEXA - Association of Members of the Athens Exchange
- BoG - Bank of Greece
- ESMA - European Securities Markets Authority
- ECSDA - European Central Securities Depositories Association
- HFAMA - Hellenic Fund and asset Management Association
- FESE - Federation of European Stock Exchanges
- WFE - World Federation of Exchanges
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