Αccording to a new notification received on 14 December 2011 from Silchester International Investors LLP (“Silchester”), Public Power Corporation S.A. notifies that the increase of Silchester’s participation in PPC’s share capital by 3% (compared to the participation of 10.02% on 8 September 2011) was realized on 30 November 2011, with its participation formulating to 13.02% (30,205,231 shares) and not on 2 December 2011, as mentioned in previous relevant announcement.
"Silchester International Investors LLP" (Silchester) is investment manager for its clients :
- Silchester International Investors International Value Equity Trust,
- Silchester International Investors International Value Equity Taxable Trust,
- Silchester International Investors International Value Equity Group Trust,
- Silchester International Investors Tobacco Free International Value Equity Trust,
- The Calleva Trust,
In acting for its clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf. However, Silchester do not act as the clients' custodian and therefore shares are not held in Silchester's name but in the name of each client's custodian bank.
The increase in Silchester’s holdings was due to a series of transactions over a series of different trading days.
Athens, December 16th, 2011