BANCI | ENGLISH

Erste Group successfully completes its capital increase in the amount of EUR 660.6 million

Autor: Bancherul.ro
2013-07-18 10:22

• 97.6% of non-waived subscription rights exercised
• 50% of new shares clawed back in full from investors in the accelerated bookbuilding offer conducted on 2 July 2013 to satisfy subscriptions of existing shareholders
• 3,374,266 existing shares of Erste Stiftung placed through exercise of an option in order to satisfy subscriptions of existing shareholders

Erste Group press release:

Erste Group Bank AG (“Erste Group”) successfully completed its EUR 660.6 million capital increase that had already been placed in full in an accelerated bookbuilding offer on 2 July 2013, but part of which was still subject to claw-back with respect to exercises of subscription rights during the subscription period from 3 July to 17 July 2013.

In total, 61.1% of the subscription rights have been exercised by existing shareholders and purchasers of subscription rights, which resulted in the subscription of 21,414,044 new shares at the final offer and subscription price of EUR 18.75 per new share. The subscription rights exercised were subscription rights which had not been previously waived by a group of major shareholders of Erste Group, which held combined approximately 37.4% of the company’s share capital prior to the capital increase. Hence, 97.6% of the subscription rights not previously waived have been exercised in the capital increase.

No further new shares which were allocated to qualified institutional investors by way of an accelerated bookbuilding offer (the “Institutional Pre-Placement”) subject to deferred settlement and claw-back on 2 July, 2013 will be delivered to such investors; as a result, the claw-back is exercised in full.

Following the successful exercise of the subscription rights by existing shareholders, an option under the agreement that DIE ERSTE österreichische Spar-Casse Privatstiftung (“Erste Stiftung”) entered into with J.P. Morgan and Morgan Stanley in order to provide additional existing shares so that – together with the waived subscription rights – a total of 50% of the new shares which were placed with qualified institutional investors on 2 July 2013 were available for firm allocation has been partially exercised. As a result, 3,374,266 existing shares from the holdings of Erste Stiftung have been allocated at the final offer and subscription price of EUR 18.75 per share.

In total, 35,231,353 new shares issued by Erste Group and 3,374,266 existing shares from the holdings of Erste Stiftung were placed in connection with the capital increase at the final offer and subscription price of EUR 18.75 per share. The net proceeds for Erste Group amount to approximately EUR 632 million. Erste Stiftung’s direct shareholding in Erste Group now amounts to about 15.12%. Through its direct and indirect shareholdings Erste Stiftung controls about 23.65% of the 429,800,000 outstanding shares (post capital increase and exercise of the option granted by Erste Stiftung to J.P. Morgan and Morgan Stanley) of Erste Group.

The delivery and settlement of the new and existing shares is expected to take place on 23 July 2013.

The management and supervisory boards of Erste Group have on 1 July 2013 resolved in principle to fully redeem the outstanding participation capital of EUR 1.76 billion (EUR 1.205 billion held by the Republic of Austria and EUR 559 million held by private investors) in August 2013 and published the respective redemption documents on 5 July 2013 at www.erstegroup.com/en/Investors/Participation-Capital. The resolution of the redemption becomes effective with its publication which is planned for 7 August 2013. The value date for the redemption (payment of the cash compensation) is scheduled for 8 August 2013.

J.P. Morgan Securities plc, Morgan Stanley Bank AG and Erste Group Bank AG acted as Joint Global Coordinators and Joint Bookrunners, while Commerzbank AG and ING Bank N.V. acted as Co-Lead Managers on the capital increase.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

25.04.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Cosmin Ciobanu, Director adjunct - Director Divizia Risc
Procredit Bank

... vezi profil

Toate Profilele

Profil de Banca

Banca Transilvania

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

Refuz de plată la o benzinărie suma de 103 euro
Mi s-au retras de două ori suma de 48 euro și suma de 103 euro suma corectă este de 48 de euro ... detalii
nevoia de banci
De ce credeti ca acum nu mai avem nevoie de banci si firme de asigurari? Pentru ca acum avem ... detalii
Mda
ACUM nu e nevoie de asa ceva .. acum vreo 20 de ani era nevoie ... ACUM de fapt nu mai e asa multa ... detalii
oprire pe salariu garanti bank
mi sa virat 2500de lei din care a fost oprit 850 de lei urmand sa mi se deblocheze restul sumei ... detalii
Amânare rate
Buna ziua, Am rămas în urma cu ratele , va rog frumos sa ma ajutați cumva , soțul a pierdut ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126