Further to the announcement published on 29 April 2025, Eurobank S.A. (the “Offeror”), a subsidiary of Eurobank Ergasias Services and Holdings S.A., informs the investment community that, on 5 May 2025 the Cyprus Securities and Exchange Commission approved the Offeror’s application for the exercise of the Squeeze Out right for the acquisition of 100% of the shares of Hellenic Bank Public Company Limited (the “Target Company”, “Hellenic Bank”), pursuant to article 36(5) of the Takeover Bids Law of 2007 to 2022 (the “Law”).
The Offeror directly holds 404,525,263 shares representing 97.994% of the total issued share capital of Hellenic Bank. The exercise of the Squeeze Out right relates to the remaining 8,279,967 shares of Hellenic Bank which represent 2.006% of the issued share capital of the Target Company.
The consideration to be offered to the shareholders of Hellenic Bank via the Squeeze Out procedure is €4.843 per share in cash, which is equal to the consideration offered during the Takeover Bid procedure.
Pursuant to article 36(5) of the Law, the Offeror will notify the affected shareholders of the Target Company in writing, it will pay immediately to the said shareholders the total amount of the consideration offered and will take all necessary actions to transfer under its name the shares of the Target Company.