Capital Raise - Update on Investor subscription agreements
19 December 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014
As announced by Hellenic Bank Public Company Limited (the “Company”) on 10 December 2018, it is the current expectation that the Capital Raise will be completed by 31 March 2019.
The Company has therefore agreed with Poppy Sarl (“Poppy”) and Emma Alpha Holding Ltd (“Emma”) to extend the long stop date of the subscription agreements between Poppy and the Company and between Emma and the Company from 31 December 2018 to 31 March 2019. The subscription agreement entered into between the Company and Demetra Investments Public Ltd is already unconditional and remains in force.
The Company will keep investors informed of any developments relating to the Capital Raise as required by applicable laws and regulations.
HELLENIC BANK PUBLIC COMPANY LTD