Investor Relations - 01.11.2021

Launch of combined offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN.

Athens, 1.11.2021

PUBLIC POWER CORPORATION S.A.
Press Release


PUBLIC POWER CORPORATION S.A. (''PPC'' or the “Company”) launches combined offering of new ordinary, registered voting shares of nominal value of €2.48 each, in the content of its share capital increase with offering price between €8.50 and €9.00 per share in cash.

PPC is launching a combined offering of new ordinary voting shares, each having a par value of €2.48, whose number shall not be lower than 130,000,000 or higher than 150,000,000 (the “New Shares” , and an offering price that will not be lower than €8.50 and higher than €9.00 per New Share (the ''Price Range'' and collectively the ''Share Capital Increase'') .

The New Shares will be offered in a combined offering:

a) in Greece, to retail and qualified investors through an offer to the public (the “Public Offering”) within the meaning of point (d) of article 2 of Regulation (EU) 2017/1129 of the European Parliament and of the Council on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “Prospectus Regulation”), in accordance with the Prospectus Regulation, the Delegated Regulations (EU) 2019/980 and 2019/979, the applicable provisions of Law 4706/2020 and relevant implementing decisions of the Board of Directors of the Hellenic Capital Markets Commission (“HCMC”); and

b) placed outside of Greece, to qualified, institutional and other eligible investors, through a private placement book-building process, in reliance on one or more exemptions from the requirement to publish or passport a prospectus under the Prospectus Regulation and/or other national law provisions in relevant jurisdictions, including in the United States under Rule 144A (the “Institutional Placement” and jointly with the Public Offering the “Combined Offering”).

The Public Offering period will be three (3) business days, starting on 2 November 2021 and ending on 4 November 2021 at 16:00, Greek time. During the same time period (2 November 2021 until 4 November 2021) the Institutional Placement will also take place.

Existing shareholders participating in the Public Offering shall receive priority allocation of the New Shares (the “Priority Allocation”). A preferential allocation mechanism similar to the Preferential Allocation will apply to the allocation of new shares to be offered in the Institutional Placement, after taking into account, among other allocation criteria, investor behavior, trading activity and commitment to the Company.

For more details, please refer to the announcement dated October 29, 2021 “Share Capital Increase". 

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