HFSF supports Piraeus Bank

HFSF supports Piraeus Bank

Athens, January 15, 2021.  Following the announcement of “PIRAEUS FINANCIAL HOLDINGS S.A.” (hereinafter the “Company”), with which it was announced that the Corporate Actions Committee of the Athens Stock Exchange during its session of 12.01.2021 approved the admission to trading of the New Shares (as they defined below), the Hellenic Financial Stability Fund (hereinafter the “HFSF”) was informed that the New Shares were registered to HFSF’s Investor and Securities Accounts in the Dematerialized Securities System (DSS) and their trading on the Athens Stock Exchange will commence on 14.01.2021. For this purpose and in compliance with the current legislation, the HFSF submitted today the Form for Notification of Major Holdings to the Hellenic Capital Market Commission.

As New Shares are considered the 394,400,000 new common registered shares of nominal value €6.00 each, which resulted from the share capital increase by €2,366.4mn, further to the conversion of all the Contingent Convertible Bonds (hereinafter the “CoCos”) of the bond loan issued by the Company of €2,040mn total nominal value and issuance date 02.12.2015, which have been covered in whole by the HFSF, in accordance with Law 3864/2010, the Cabinet Act Νο 36/2015 and the respective resolutions of the Company’s corporate bodies.

Consequently, the HFSF currently holds directly 509,775,400 common registered shares of the Company, which correspond to a percentage of 61.34% of the share capital of the Company. From the afore-mentioned total number of common shares, 2,042,067 shares have limited voting rights pursuant to Article 7A of Law 3864/2010. The share capital of the Company now amounts to €4,986,354,984 divided into 831,059,164 common registered voting shares of a nominal value of €6.00 each.

Announcement 15-01-2021 here