Attica Bank: Temporary suspension of trading at ATHEX until March 8 due to reverse split

Non-systemic Attica Bank on Friday announced an increase in the nominal value of its common shares, from 0.07 euros to 10.5 euros, with the simultaneous merger and reduction of the total amount of shares, from 1,495,678,391 down to 9,971,190 – a ratio of 1 to 150, i.e. a reverse split.

The development comes after approval by the bank’s general assembly of shareholders.

As such, March 7, 2023 will be the last day of trading of the former number of shares at the Athens Stock Exchange (ATHEX).

Trading of Attica Bank shares will be temporarily suspended from March 8 until March 13, 2023, when it will resume with 9,971,190 new common shares.