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Subscription results of the preference rights in the share capital increase

Release Date: 10/24/2018 6:00:10 PM

IRIS Code: 8791D

No. 66368/24.10.2018


To:          FINANCIAL SUPERVISORY AUTHORITY (FSA) - Financial instruments and investments sector


Ref: The results of preference rights’ subscription in the capital increase operation


Current report: BSE Code and FSA Regulation no. 5/2018

Report date: 24.10.2018

Name of the issuer: PATRIA BANK SA

Headquarters: Bucharest, 31 Ion Brezoianu, Actor Street, 1st, 2nd and attic

Phone / Fax No: 0372538725 / 0212063902

Unique Registration Code with the Trade Register: RO 11447021

Order number in the Trade Register: J40/9252/2016

Subscribed and paid-in share capital: RON 274,165,692.20  

The regulated market where the instruments are traded: Bucharest Stock Exchange


Following the expiration on 22.10.2018 of the period of exercising the preference rights by the shareholders registered in the Shareholders Register on the registration date 21.08.2018, within the share capital increase operation of Patria Bank S.A., approved through the EGSM Decision no. 3/02.08.2018, operation carried out in accordance with the Proportionate Offer Prospectus approved through the FSA Decision no. 1131 / 19.09.2018, the Board of Directors of Patria Bank SA, in his meeting dated 23.10.2018, ascertained the following:


- A total of 373,673,653 new shares were subscribed by exercising the preference right, at a price of 0.1 lei per share.

- The total value of the subscription is 37,367,365.30 lei, which was subscribed as follows:

u  The value of 23,329,000 lei resulted from exercising the preference rights - by converting the amount of EUR 5 million (at the NBR exchange rate of 4.6658 lei / EUR on the day of subscription) representing the subordinated loan granted to the Bank by the majority shareholder of the bank - EEAF Financial Services BV, under the subordinated loan agreement of 29.03.2018.

u  The value of 14,038,365.30 lei resulted from exercising the preference rights - cash subscription by the bank’s shareholders registered in the shareholders register on 21.08.2018.

With regard to the shares remaining unsubscribed as a result of exercising the preference rights, the Board of Directors decided to no longer continue the operation of offering them to qualified investors and / or by a sale offer to a number smaller than 150 natural or legal persons, other than qualified investors, and the shares remained unsubscribed as a result of exercising the preference rights are canceled, respectively a number of 626,326,347 shares.

As a result, the Bank's share capital increases by 37,367,365.30 lei, from 274,165,692.20 lei to 311,533,057.50 lei.

Further, the bank will take the necessary steps to register the share capital increase operation at the Trade Registry Office.






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