Athens, September 20, 2022
Announcement – Regulated information
The Public Power Corporation (“PPC” or the “Company”), following a) the 3.8.2022 resolution of the Extraordinary General Meeting of its shareholders, which approved, among others, the establishment of an own share Buyback Programme (“Own Shares” and the “Program”, respectively), and b) the relevant 20.9.2022 decision of its Board of Directors, announces its intention to initiate the implementation of the Program.
The purchases of the Own Shares will be made on-market through members of the Athens Exchange. The Programme concerns the acquisition of up to a maximum of 36,344,000 Own Shares, at a minimum purchase price of € 2.48 per share and a maximum purchase price of € 17 per share. The time period during which purchases of Own Shares may be made is expected to begin on 21.9.2022 and to end on 3.8.2024, at the latest.
The purpose of the Program is to pursue and implement any lawful purpose, in accordance with the applicable provisions of the relevant legislative and regulatory framework.
Purchases of Own Shares will be made provided that they are considered beneficial to PPC and subject to the available liquidity of the Company as well as to market conditions.
The announcement is issued in accordance with (EU) Regulation No 596/2014 of the European Parliament and of the Council dated 16.4.2014 and the Commission Delegated Regulation (EU) 2016/1052 dated 8.3.2016.
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