The amount of 35 million euros was raised by increasing the authorized capital of Pankritia Bank at the stage of exercising the pre-emptive and pre-registration right of old shareholders, in which Lyktos is a company of the interests of Michalis Salla, which participates in Pankritia Bank with a share of 19.95%.

According to Pancreatia, the AMC was covered with an interest of 35.24%, with a total payment of about 34.78 million euros through the exercise of pre-emptive rights and pre-registration rights, an interest that roughly corresponds to the issuance of 27.83 million new shares. Pankritia’s management believes that the above percentage is an extremely satisfactory result, which will allow the bank to complete its efforts to raise the planned amount and begin the smooth implementation of its business plan and capital investment plan, which has already been deposited. with the Bank of Greece, which, according to the administration, provided “undivided support to both the AMK and its preparation.”

The increase involved the National Bank, which already owned 7.17% of the shares, as well as the three systemic banks Alpha, Eurobank and Piraeus, which together with the National Bank contributed a total of 15.5 million euros. At the pre-subscription stage, as Pancreatia Bank announced, Green Hydepark Investment also participated, which acquired a 7.9% stake in the bank’s authorized capital by purchasing 6.25 million ordinary registered shares with voting rights, with a par value of 0.50 euros each, which also have the right to exercise the priority rights assigned to them. Based in Nicosia, Cyprus, Green Hydepark Investment is owned by shipowner Mundreas and participated in the AMK by purchasing the rights that T. Angelopoulos had in Pankritia.

The non-participation of “Liktos Participation Investment and Participation” in the pre-subscription stage does not discount its non-participation in the final stage of the increase, which will be judged by the information “by weighing the performance data of his investment”.

The board of directors of Pankritia Bank, meeting yesterday, decided to extend until October 27 – from the original two-day deadline of October 12 and 13 – the period for the participation of specialists and non-investors in the increase in the authorized capital by 98.7 million euros. The board of directors relied on the bank to negotiate with investors who expressed interest in acquiring new shares, and, according to management sources, “the decision was made in view of the strong interest of new investors from the business and shipbuilding circles.” and related discussions that are underway.”

The AMK is considered necessary for the consolidation of the bank, whose NPL ratio was formed at the end of 6 months of 2022 at the level of 65%, as well as for the restoration of Pankritia’s capital adequacy ratios below the permitted limits.