Piraeus Bank announces a capital increase (video) | greece economy

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ATHENS – Piraeus Financial Holdings SA (“Piraeus”) announces that it has successfully completed the combined offer of 1,200,000,000 new registered ordinary voting shares, each with a par value of € 1.00 (the “New Shares ”) to (i) institutional investors in accordance with a book-building process outside Greece (the“ Institutional Offer ”) and (ii) retail and qualified investors in Greece (the“ Public Offer ”and, jointly with the Institutional Offer, the “Combined Offer”).

Based on the results of the three-day book building process, after consultation with the joint global institutional offering coordinators (Goldman Sachs Bank Europe SE and UBS Europe SE), the Piraeus Board of Directors set the price for the offer at € 1.15 per new share. This offer price represents the high end of the price range of the initial offer of € 1.00 to € 1.15 per new share approved by the Piraeus Board of Directors on April 16, 2021. Accordingly, Piraeus is expected to generate gross proceeds of € 1.38 billion Combined Offer.

The Combined Offer attracted a large participation of national and international investors, ending several times oversubscribed.



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