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General Bank: Capital Increase Fully Subscribed

General Bank, Societe General’s Greek unit, said Wednesday that its share capital increase of EUR339.733mil. was fully subscribed.

 “In specific, existing shareholders participated from 5/11/2010 up to 19/11/2010 included, by offering 183,561,337.41 euros corresponding to 57,542,739 new ordinary registered shares, representing coverage of 54.03%. On 22/11/2010 the BoD of the Bank decided to allocate the undistributed shares by offering 48,956,859 shares to Societe Generale,” the bank said.

As a result, the share capital increase was fully subscribed (100%) and the Banks capital increases by 339,733,717.62 euro. Following the above, the share capital of the Bank increases by euro 339,733,717.62 with the issue of 106,499,598 new ordinary registered shares, of nominal value euro 3.19 each.

The new shares resulting from the share capital increase will be delivered to the beneficiaries in electronic (dematerialized) form by credit to their share and securities account in the Electronic (dematerialised) Securities System.

The credit date and the starting date for trading of the new shares on the Athens Exchange will be announced in due course.
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