APS Bank plc - Terms of Rights Issue

On 30 September 2025, APS Bank plc announced that subject to regulatory approval, it will be offering 3 new shares for every 11 ordinary shares held (3-for-11 rights issue), which shall have the same rights and entitlements to existing shares.

The announcement stated that the rights issue price has been set at €0.44 per new ordinary share. This represents a discount of 43% to the net asset value of €0.775 per share as at 30 June 2025.

APS explained that the Rights Issue will first be offered to shareholders as at the close of trading on Thursday 2 October 2025. Any shares not subscribed by eligible shareholders will be offered to the general public through an intermediaries’ offer, also at a price of €0.44 per share.

APS reiterated that the process required to obtain regulatory approval for the Rights Issue is at an advanced stage, with the publication of the prospectus and relative application forms expected in the second half of October 2025.