At the moment’s conferences of the boards of administrators of Attica Financial institution and Pankritia Financial institution accepted the draft contract for his or her merger, with the absorption of the latter from the previous, as offered for within the settlement between the Monetary Stability Fund and Thrivest Holding.
In response to a related announcement, the merger might be carried out by accounting consolidation of the property and liabilities of the merging firms and, specifically, by the contribution of the property and liabilities of Pancreatia Financial institution to Attica Financial institution, as they seem within the transformation stability sheet of Pancreatia Financial institution dated December 31, 2023 and as they’ll have been fashioned till the completion of the merger.
The alternate relationship for banks
The proposed alternate ratio is 0.0292156343836978 new widespread registered shares of Attica Financial institution for every (1) widespread registered share of Pankritia Financial institution, whereas the shareholders of Attica Financial institution will retain after the merger the identical variety of shares they owned earlier than the merger .
The above is topic to the exceptions which have already been introduced, together with the approval of the Draft Merger Settlement by the Common Conferences of the shareholders of the merging firms in addition to the receipt of all licenses and approvals required by regulation from the competent authorities, in accordance with the provisions of present laws.
On behalf of Attica Financial institution, the corporate UBS Europe SE acts as monetary advisor and the regulation agency Potamitis-Vekris, as authorized advisor, for the needs of the merger, and the auditing firm “PRICEWATERHOUSECOOPERS SA” as an professional, in response to the textual content laws.
The announcement intimately
“Attica Financial institution Restricted” (“Attica Financial institution”) broadcasts to the investing public that the Boards of Administrators of Attica Financial institution and “Pancrete Financial institution” (“Pancrete Financial institution”) at their conferences of 26.07.2024 accepted the Plan Merger Settlement for the merger by absorption of Pankritia Financial institution by Attica Financial institution, which might be finished in accordance with the provisions of articles 6-21, 30-34 of Regulation 4601/2019, the provisions of Article 16 of Regulation 2515/1997 , the relevant provisions of Regulation 4548/2018, as they apply, and the 18.07.2024 settlement between the Monetary Stability Fund and Thrivest Holding Ltd relating to, amongst others, the merger, as sanctioned by regulation.
The merger might be carried out by accounting consolidation of the property and liabilities of the merging firms and, specifically, by the contribution of the property and liabilities of Pancrete Financial institution to Attica Financial institution, as they seem within the transformation stability sheet of Pancrete Financial institution dated 31 December 2023 and as can have been fashioned by the point the merger is accomplished.
The proposed alternate ratio is 0.0292156343836978 new widespread registered shares of Attica Financial institution for every (1) widespread registered share of Pankritia Financial institution, whereas the shareholders of Attica Financial institution will retain after the merger the identical variety of shares they owned earlier than the merger .
The above is topic to the exceptions which have already been introduced, together with the approval of the Draft Merger Settlement by the Common Conferences of the shareholders of the merging firms in addition to the receipt of all of the permits and approvals required by regulation from the competent authorities, in accordance with the provisions of present laws.
On behalf of Attica Financial institution, the corporate UBS Europe SE acts as monetary advisor and the regulation agency Potamitis-Vekris, as authorized advisor, for the needs of the merger, and the auditing firm “PRICEWATERHOUSECOOPERS SA” as an professional, in response to the textual content laws.
The investing public might be knowledgeable by the Financial institution in regards to the progress of the merger course of”.
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