Natech responds within 1 day to the Cooperative Bank’s of Epirus need for stock split implementation.
WHEN: Recapitalization period of Greek Banks - December 2015.
WHO: Cooperative Bank of Epirus collaborates successfully with Natech S.A.
THE SITUATION: Cooperative Bank of Epirus planned to run a 1-for-15 sock split, to cover its capital requirements, enhance its liquidity and expand its investor base.
THE NEED: In December 31st, the Bank was obliged to send to the Bank of Greece a list of the number of its issued shares and shareholders after the recapitalization process.
THE OBSTACLE: Modify the price, in a way that every shareholder could receive the divided stocks in the fair price and deal with the remainder shares after the split.
THE SOLUTION: Natech, promptly materialized the subdivision process through Natech.CSB's customization.
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