Attica Bank Shareholders Approve €735 Million Share Capital Increase

Attica Bank‘s shareholders have approved a €735 million share capital increase during an Extraordinary General Meeting held on Wednesday.

The increase includes €672.1 million from cash payments by existing shareholders and €62.9 million from warrant exercises. This decision follows the shareholder agreement with the Hellenic Financial Stability Fund and Thrivest Holding LTD, which was recently ratified by parliament.

Additionally, the meeting approved a reverse stock split, consolidating 53 million shares into 530,000 by raising the nominal value of each share from €0.05 to €5. The bank plans to finalise the increase and begin trading shares from the warrants by November.

Source: GCT–Komalenko Charlie