EFG Eurobank Ergasias S.A. announces that today, Thursday, April 10th, 2003, decision number K2-3669/9-4-2003 of the Minister of Development concerning the approval of the merger by absorption of the closed-end fund ERGOINVEST S.A. by ΕFG Eurobank Ergasias S.A., with simultaneous modifications in the Bank’s share capital, as well as in its nominal share value from 2.76 euros (prior to the merger) to 2.89 euros, was registered in the Societes Anonymes Registry of the Ministry of Development.In particular, the following modifications in the share capital of the Bank took place:a) Reduction by the amount of 22,305,011.76 euros, due to the cancellation of 8,081,526 own shares of EFG Eurobank Ergasias S.A. that had been acquired in order to support the share’s price in the Athens Stock Exchange.b) Reduction by the amount of 5,594,520 euros, due to the cancellation of 2,020,000 shares of EFG Eurobank Ergasias S.A., previously held by ERGOINVEST S.A., which, due to the merger, have been deemed own shares of the Bank and consequently, had to be immediately cancelled.c) Increase by the amount of 67,322,784.64 euros, namely by the amount equal to the difference arising from the subtraction of 31,097,215.36 euros - which is the total nominal value of 42,023,264 shares of ERGOINVEST S.A. that were held by ΕFG Eurobank Ergasias S.A. and which, therefore, were non-exchangeable with the Bank’s shares and, consequently, had to be immediately cancelled - from the share capital of 98,420,000 euros of ERGOINVEST S.A. d) Increase of the share capital for rounding purposes to the amount of 1,331,862.17 euros, by capitalization of equal amount of share premium.Thus, following the above merger, the Bank’s share capital amounts to 906,017,557.65 euros and is divided in 313,500,885 shares, of a nominal share value of 2.89 euros each.The registered shareholders of the above two companies on April 10th 2003 are entitled to the new shares that will be issued due to the merger according to the agreed exchange ratio. More specifically:
Merger with Ergoinvest
Merger with Ergoinvest
10 April 2003
EFG Eurobank Ergasias S.A. announces that today, Thursday, April 10th, 2003, decision number K2-3669/9-4-2003 of the Minister of Development concerning the approval of the merger by absorption of the closed-end fund ERGOINVEST S.A. by ΕFG Eurobank Ergasias S.A., with simultaneous modifications in the Bank’s share capital, as well as in its nominal share value from 2.76 euros (prior to the merger) to 2.89 euros, was registered in the Societes Anonymes Registry of the Ministry of Development.In particular, the following modifications in the share capital of the Bank took place:a) Reduction by the amount of 22,305,011.76 euros, due to the cancellation of 8,081,526 own shares of EFG Eurobank Ergasias S.A. that had been acquired in order to support the share’s price in the Athens Stock Exchange.b) Reduction by the amount of 5,594,520 euros, due to the cancellation of 2,020,000 shares of EFG Eurobank Ergasias S.A., previously held by ERGOINVEST S.A., which, due to the merger, have been deemed own shares of the Bank and consequently, had to be immediately cancelled.c) Increase by the amount of 67,322,784.64 euros, namely by the amount equal to the difference arising from the subtraction of 31,097,215.36 euros - which is the total nominal value of 42,023,264 shares of ERGOINVEST S.A. that were held by ΕFG Eurobank Ergasias S.A. and which, therefore, were non-exchangeable with the Bank’s shares and, consequently, had to be immediately cancelled - from the share capital of 98,420,000 euros of ERGOINVEST S.A. d) Increase of the share capital for rounding purposes to the amount of 1,331,862.17 euros, by capitalization of equal amount of share premium.Thus, following the above merger, the Bank’s share capital amounts to 906,017,557.65 euros and is divided in 313,500,885 shares, of a nominal share value of 2.89 euros each.The registered shareholders of the above two companies on April 10th 2003 are entitled to the new shares that will be issued due to the merger according to the agreed exchange ratio. More specifically: