Rounding of fractional shares and dematerialisation of shares of the Bank of Greece
02/12/2005 - Announcements
It is hereby announced that:
A. According to Article 53 of Law 3371/2005
"Capital Market Issues and Other Provisions", the Bank of Greece
("the Bank") must round the fractional shares that have resulted from
the last increase in its share capital (Government Gazette A´ 173/11 July
Pursuant to this law, holders of fractional shares are
invited to declare until 19 January 2006 their intention to sell or purchase
fractions so that whole shares are created. It should be noted that the above
date is a deadline and applications will be satisfied on a priority basis.
To this end, holders of fractional shares or their duly
authorised representatives must come to the Shares Service of the Bank's Head
Office or its local Branches and Agencies, producing the personal notice they
will receive from the Bank and their identity card or passport. The transaction
will be effected on the same day and the purchase or sale price will be
calculated on the basis of the market closing price of the share on the previous
Shareholders that fail to round their fractional shares by 19
January 2006 are advised that their fractional shares will be sold on the Athens
Exchange and the proceeds from the sale will be credited to an account to be
opened with the Bank's Secretariat Section - Shares Service in their favour.
After the above deadline, the new shares will be credited to
the Dematerialised Securities System (SAT) of the Central Securities Depository
at a date to be appointed thereby.
B. According to the said Article 53 of Law 3371/2005,
all the Bank of Greece shares must have been dematerialised by 15 July 2006. To
this end, shareholders that have not had their shares dematerialised yet, are
requested to come to the Secretariat Section - Shares Service of the Bank's Head
Office, or its local Branches if they do not reside in Attica, and apply for
dematerialisation of their shares.
It should be noted that, during the dematerialisation
procedure, the Bank will recognise shareholders who stand registered on its
share register even if they fail to produce their share certificates.
After the lapse of the said deadline (15 July 2006), the
shares that will not have been dematerialised will be sold on the Athens
Exchange and the proceeds from the sale will be deposited with the Deposits and
To participate in the dematerialisation procedure and to
purchase fractional shares of shareholders that have not had their shares
dematerialised yet, a shareholder must keep an account with the Dematerialised
Securities System (SAT) of the Central Securities Depository. If the shareholder
does not have an account with the SAT, he must open one through any account
manager, i.e. a securities company or a custodian bank.
In conclusion, shareholders are requested to produce the
following documents to the Bank's services:
- a copy of their SAT account statement;
- identity card or passport; and
- if represented by another individual, an authorisation with
legalisation of the shareholder's signature by the competent authority.
For more details, shareholders can contact the Secretariat
Section - Shares Service (tel. 210-3202064, 210-3202051, 210-3203288,
210-3203289, fax: 210-3202844).
Athens, 1 December 2005