Ellington files binding letter for Attica Bank share capital increase

The binding letters for their participation in the share capital increase, amounting to 490 million euros, were submitted by all the shareholders of Attica Bank, including Ellington.

Yesterday, the bank’s bodies approved the business plan and the capital plan, while the plan for the management of non-performing loans will be discussed at the bank’s Board of Directors, which will take place next Wednesday, December 21.

At the same time, on December 30, the Extraordinary General Meeting of shareholders is called upon to approve the conditions for the Share Capital Increase, according to which the bank will issue 35,062,731 new common shares with a nominal value of €0.05 each with payment of cash and disposal thereof, at a disposal price €13.50 per share, through a public offer with preemptive rights in favor of the bank’s existing shareholders.

According to the draft decisions of the general meeting, those with preemptive rights in the Increase will be entitled to acquire New Shares at a ratio of 3.51 New Shares for each old share of the company.