Hellenic Financial Stability Fund (HFSF) announced the approval of the offering of a 20% equity stake in National Bank of Greece to the public in Greece, with the upsize option of up to 182,943,031 shares at a price of 5-5.44 euros per share.
The shares will be offered: (a) in Greece, to retail and qualified investors, pursuant to a public offering in accordance with Regulation (EU) 2017/1129 of the European Parliament on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, the applicable provisions of Law 4706/2020 and the implementing decisions of the Board of Directors of the Hellenic Capital Markets Commission; and (b) outside Greece, pursuant to private placements to (a) persons reasonably believed to be qualified institutional buyers in the United States of America and (b) certain other institutional investors outside the United State. The EBB shall remain open during the Greek Public Offering period (i.e. from 14 November 2023 until 16 November 2023) as of 10:00 Athens time, and until 17:00 Athens time, apart from the last day of the Greek Public Offering period, i.e. on 16 November 2023, on which it will close at 16:00 Athens time.
The offer price for each share, which may not be lower than 5.00 or higher than 5.44 euros, and which will be identical in the Greek Public Offering and the International Offering, will be determined by the selling shareholder based on the result of the international offering after the closing of the book building period for the international offering on or about November 16, 2023.
The offer price will be the same for all investors participating in the Greek Public Offering.
EUROXX Securities S.A. is acting as Greek Public Offering Advisor and National Securities is acting as Greek Public Offering Coordinator and Lead Underwriter for the Public Offering.
