Date of announcement of Financial Results for the nine-month period ended 30.09.2018 / Expected completion of the Capital Raise
10 December 2018
Hellenic Bank Public Company Ltd (the “Company”) announces that its Board of Directors will meet on Tuesday, 18 December 2018, to examine the financial results of the Hellenic Bank Group for the nine-month period ended 30 September 2018 (the “9M 2018 Financial Results”).
The 9M 2018 Financial Results will be announced to the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission on Wednesday, 19 December 2018, before the opening of the market.
Expected completion of the Capital Raise
As decided by the Company’s extraordinary general meeting on 22 August 2018, the Company is proceeding with a capital increase by way of a preemptive rights issue as well as a private placement to Poppy Sarl (the “Capital Raise”).
The Company will be issuing a prospectus in connection with the Capital Raise (the “Prospectus”). It is the Company’s intention to include the 9M 2018 Financial Results in the Prospectus.
As a result, the issue of the Prospectus and, therefore, the Capital Raise will be delayed, in relation to what was previously communicated. It is the current expectation that the Capital Raise will be completed by 31 March 2019.
The Company will keep investors informed of any developments relating to the timing of the Capital Raise as required by applicable laws and regulations
HELLENIC BANK PUBLIC COMPANY LTD