Investor Relations - 16.05.2022

Formation of the Audit Committee into a body

Athens, May 16, 2022

 

Announcement – Regulated information

 

Public Power Corporation S.A. (the “Company”), notifies the investors’ community, in accordance with the article 17 par. 1 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council as of 16 April 2014, that following the Extraordinary General Meeting of Shareholders of 5 May 2022, which decided the election of Mr. Konstantinos Cholevas in replacement of the resigned member of the Audit Committee, Mr. Aimilios Stasinakis, for personal and professional reasons and effective as of 30.4.2022, the Audit Committee at the meeting held on 11 May 2022, was formed anew to a body as follows:

 

-   Maria Psillaki, father’s name Michail, Independent Non-Executive Member of the Board of Directors, Chairman of the Audit Committee, elected by the Extraordinary General Meeting of the Shareholders held on 16.12.2021, according to par. 1 art. 44 of L. 4449/2017, as in effect. Term of office from 17.12.2021 until 16.12.2024.

 

-   Despoina Doxaki, father’s name Ioannis, Independent Non-Executive Member of the Board of Directors, Member of the Audit Committee elected by the Extraordinary General Meeting of the Shareholders held on 22.8.2019, according to par. 1 art. 44 of L. 4449/2017. Term of office from 27.6.2019 until 26.6.2022.

 

-   Stefanos Kardamakis, father’s name Ioannis, Independent Non-Executive Member of the Board of Directors, Member of the Audit Committee, elected by the Extraordinary General Meeting of the Shareholders held on 22.8.2019 according to par.1, art. 44 of L. 4449/2017. Term of office from 22.8.2019 until 21.8.2022.

 

-  Evangelos Angeletopoulos, father’s name Dimitrios, third party - non-Member of the Board of Directors, Member of the Audit Committee elected by the Extraordinary General Meeting of the Shareholders held on 8.5.2020, according to art. 9 of L. 4643/2019. Term of office from 8.5.2020 until 7.5.2023.

 

-   Konstantinos Cholevas, father’s name Minas, third party - non-Member of the Board of Directors, Member of the Audit Committee elected by the Extraordinary General Meeting of the Shareholders held on 5.5.2022, according to art. 9 of L. 4643/2019 in replacement and for the rest of the term of office of the resigned member, that is until 7.5.2023.

 

Finally, it is noted that all Members of the Audit Committee meet the required by the current regulatory framework (article 44, par. 1 of Law 4449/2017 as in effect, and article 9, par. 1 and 2 of Law 4706/2020) conditions and criteria of independence.

 

 

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