Announcement on the increase of share capital by capitalization of part of the share premium reserve and concurrent reduction of share capital by return of cash to shareholders
The société anonyme with the corporate name "PIRAEUS FINANCIAL HOLDINGS S.A." (hereinafter referred to as "Company"), informs the investment community that the Annual General Meeting of shareholders of April 14th, 2025, decided:
(a) the increase of the share capital of the Company by €373,055,711, through capitalization of an equal amount of the existing share premium reserve through increase of the nominal value of each share of the Company from €0.93 to €1.23; and
(b) the equivalent reduction of the share capital of the Company by €373,055,711, through reduction of the nominal value of each share of the Company from €1.23 to €0.93, and the distribution of the full amount of the reduction to the shareholders of the Company as a cash payment.
Following the above increase and decrease of the share capital by an equal amount, the share capital of the Company amounted to €1,162,841,517.39, divided into 1,250,367,223 common, registered voting shares, with a nominal value of €0.93 each.
On April 29, 2025, the decision of the Ministry of Development under protocol number 3607649AP/29.04.2025 was registered with the General Commercial Register (G.E.MI.) with Registration Code 5362666, by virtue of which the amendment of articles 5 (Share Capital) and 25 (Historical Evolution of Share Capital) of the Company's Articles of Association was approved.
The Athens Stock Exchange was informed on 30.05.2025 of the increase and decrease of the share capital of the Company by an equal amount effected through a corresponding increase and decrease of the nominal value of all shares of the Company and the return of capital by cash payment to the shareholders amounting to €0.298356918 per share.
It is noted that the amount of capital return to be paid per share is increased by the amount corresponding to the treasury shares held by the Company (i.e., 1,313,086 treasury shares which are not entitled to the capital return), resulting in a final amount of €0.29867057 per share.
Following the above, from Tuesday, 03.06.2025 (Ex-date of the share capital return), the shares of the Company will be traded on the Athens Stock Exchange with a final nominal value of €0.93 per share and without the right to participate in the capital return in cash to shareholders amounting to €0.29867057 per share.
From the same date, the starting price of the Company's shares on the Athens Stock Exchange will be adjusted in accordance with the ATHEX Regulation in conjunction with decision no. 26 of the Board of Directors of ATHEX, as applicable.
Beneficiaries of capital return are shareholders registered with the DSS records on Wednesday, 04.06.2025 (record date - date of determination of beneficiaries).
Tuesday, 10.06.2025, is set as the starting date for the payment of the capital return (€0.29867057per share).
The payment of capital return to the beneficiaries will be processed through the paying bank “PIRAEUS BANK S.A.”, as follows:
- Through the Participants of the beneficiaries in the Dematerialized Security System (D.S.S.) (Banks, custodians and investment firms), according to the ATHEXCSD Rulebook and ATHEXCSD’s relevant resolutions.
- Especially in cases of capital return payment to heirs of deceased beneficiaries, whose securities are kept in the Special Account of their Share in the DSS under the management of ATHEXCSD, the process will be carried out after the completion of the legitimation of their heirs, through "PIRAEUS BANK S.A." branch network for five (5) years from the end of this year (namely, until December 31st, 2030).
For further information, shareholders are requested to directly contact the Company's Shareholders’ Registry Department (contact numbers +30 210 3288737, +30 210 3335039 & +30 210 3739301).
Athens, 30 May 2025