Replies to post #11848 on National Bank of Greece ADR (fka NBGGY)

[LiquidStorm]

No idea R/S news is flying all over the show not sure if it will be actually confirmed on the 17th Nov when they hold a shareholders meeting at the moment i think its in the pipeline, once its approved with existing shareholders and management is when i would say the R/S is definitely happening.

[NewbieWar]

i) Increase in the Bank’s share capital due to capitalization of part of the Bank’s special reserve of article 4.4a of Codified Law 2190/1920, and concurrent (ii) increase in the nominal value of each common registered voting share of the Bank and reduction in the aggregate number of such shares by means of a reverse split, and (iii) reduction in the share capital of the Bank through reduction in the nominal value of each common registered voting share of the Bank (as it stands after the reverse split), with a view to forming an equivalent special reserve, as per article 4.4a of Codified Law 2190/1920, or,alternatively, through setting off against losses. Amendment of article 4 of the Bank’s Articles of Association. Granting of authorities.