Investor Relations - 09.05.2022

Comments on press articles

Athens, May 9, 2022

 

Announcement – Regulated information

 

PPC S.A. (the “Company”), following recent press articles regarding the Stock Awards Plan (the “Plan”), and following a relevant request by the Hellenic Capital Market Commission, clarifies the following:

  • The Plan was approved by the General Meeting of the Shareholders of the Company on 4.6.2021 with a majority of 93.3% within the framework of the approval of the new Remuneration Policy of PPC S.A., which is available at the Company’s website.  It is noted that the Plan was drawn up according to the international best practices and as a response to relevant suggestions from shareholders during previous Shareholders’ Meetings. 
  • By the same abovementioned decision of the General Meeting of the Shareholders, the Board of Directors of the Company was authorized to implement the Plan. In this framework, it decided on 21.12.2021 the initiation of the own share buyback program, which was communicated to the investor community with the 24.12.2021 company announcement.
  • The Plan is set to terminate by the end of 2025. Pursuant to the approved Plan, the Company has acquired until today, with purchases realized in February 2022 through the Athens Stock Exchange, 706,238 own shares which correspond to 0.1849% of the Company’s total shares, as notified to the investor community by a series of announcements by the Company, the most recent one dated 1.3.2022.
  • No shares have been distributed to PPC Group executives.

 

 

 

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