NBG shares will resume trading today following a 4-day suspension to accommodate the 1 for 10 share reverse split. Shares will begin trading ex-rights at EUR 4.53 per share. The rights price as per the exchange will begin trading at EUR 4.45.
NBG is undertaking a EUR 1,170mn equity offering through a 2.2 for 1 rights issue at EUR 4.29.
The remaining amount to cover the total EUR 9,756mn capital requirement will be covered by the HFSF. Rights will begin trading today as will the subscription period for the offering.
The rights last trading day has been set for June 7th, while the subscription period will end June 13th. Finally, the new shares are expected to begin trading on June 25th.
