The process of the mandatory public offer to acquire up to 100% of the issued share capital of Hellenic Bank Public Company Limited, which was submitted on June 4, 2024, has been completed, according to Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A.

After the final review of the acceptance and transfer forms, the total acceptance rate of the public offer reached 0.481%, as acceptance and transfer forms were submitted for 1,984,781 shares of the company being acquired, according to an announcement by Eurobank S.A., which is published on the Cyprus Stock Exchange (CSE) website.

The total acceptance rate, added to the 55.481% (229,030,025 shares) directly held by the offeror at the end of the public offer on July 30, 2024, ensures that the offeror has a total stake of 55.962% (231,014,806 shares) in the issued share capital of the company being acquired.

The payment of the consideration to the eligible shareholders who accepted the public offer was carried out via bank transfers and the dispatch of checks on August 6, 2024. At the same time, the offeror proceeded with off-exchange transfer of the titles through the lead manager, The Cyprus Investment and Securities Corporation Limited (CISCO).

CISCO and Axia Ventures Group acted as advisors to the offeror in the context and for the purposes of the public offer process.