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CSE: Suspension of trading of Convertible Capital Securities CCS1 and CCS2 of HB

The Cyprus Stock Exchange, following a request by Hellenic Bank Public Company Ltd and pursuant to Article 183 of the CSE Law, announces the suspension of trading of the Convertible Capital Securities 1 (CCS1) (HBCS1) and the Convertible Capital Securities 2 (HBCS2) from Tuesday, November 18, 2014 to Thursday, November 20, 2014 (inclusive), in order to protect investors.

Specifically, the suspension is deemed necessary in view of the decision of the Board of Directors for an increase in the share capital of the Bank with the issue of Rights where according to the Prospectus a possible readjustment of the minimum conversion price of THE CCS1 and CCS2 must be examined. The possible readjustment of the minimum conversion price will be determined on the date that the shares of Hellenic Bank will trade ex-Rights.

It is noted that during the period of the suspension of trading of CCS1 and CCS2, no off-floor transactions and Over the Counter transactions (OTC) will be executed.
Monday, 17 November, 2014 - 13:27