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Wednesday, June 26, 2024

Eurobank acquired additional shares of Hellenic Bank

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Η Eurobank απoκτησε επι&pi ;λομεχςΕλκΤρε&zeta ;ας

Eurobank proceeded to acquire another 503,934 shares of Hellenic Bank, bringing its percentage to 55.42% according to its announcement to the Cyprus Stock Exchange.

Specifically, Eurobank S.A. (“Eurobank”), a subsidiary of Eurobank Ergasias Services and Holdings S.A., announces that on June 10, 2024 it purchased 503,934 shares of Hellenic Bank Public Company Ltd (“Hellenic Bank”) at a price of €2.56 per share and for for a total price of approximately €1.29 million.

Eurobank, after the above acquisition, directly owns 228,789,554 shares representing 55.42% of the total issued share capital and voting rights of Hellenic Bank .

We remind you that Eurobank announced that on June 3, after receiving the relevant supervisory approvals, it bought a total percentage of 26.1% (107,694,301 shares) in Hellenic Bank for a total price of €275.7 million approximately.

Following the Transaction, Eurobank announces the submission of a Mandatory Public Offer to the shareholders of Hellenic Bank for the acquisition of up to 100% of the issued share capital of Hellenic Bank. The offered consideration for the acquisition of Hellenic Bank shares is €2.56/share and will be paid in cash to all shareholders who accept the Public Offer.

Source: www.philenews.com

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