Eurobank S.A. (the “Offeror”), a subsidiary of Eurobank Ergasias Services and Holdings S.A., informs the investment community that the procedure in relation to the mandatory takeover bid (the “Takeover Bid”) for the acquisition of up to 100% of the issued share capital of Hellenic Bank Public Company Limited (the “Target Company”) submitted on 11 February 2025 has been completed.
After the final review of the Acceptance and Transfer Forms, the total percentage of acceptance of the Takeover Bid reached 4,525%, as the valid Acceptance and Transfer Forms submitted were for 18.678.262 shares of the Target Company.
The total percentage of acceptance together with the 93,470% (385.847.001 shares) that the Offeror held directly at the expiry of the Takeover Bid on 9 April 2025, gives the Offeror total participation of 97,994% (404.525.263 shares) in the issued share capital of the Target Company.
For all shareholders who have accepted the Takeover Bid, payments have been executed through the execution of bank transfers and through the posting of cheques on
24 April 2025 and the Offeror has proceeded with the off-exchange transfer of the securities via the Underwriter Operator, The Cyprus Investment and Securities Corporation Limited (“CISCO”).
Further to the announcement published on 11 April 2025 in relation to the result of the Takeover Bid, the Offeror intends to exercise the Squeeze Out right provided by Article 36 of the Takeover Bids Law of 2007 to 2022, in order to acquire 100% of the shares of the Target Company at the price of €4,843 per share. This right can be exercised within three months from the end of the acceptance period of the Takeover Bid and the Offeror intends to exercise this right immediately.
CISCO is acting as advisor to the Offeror and Underwriter Operator in connection with the Takeover Bid.