Athens, August 18, 2023
Announcement – Regulated information
PPC S.A. (the “Company”) announces that, on 16.8.2023, 695.887 own, common registered shares with voting rights were distributed free of payment by the Company, through Over The Counter transactions (OTC), to beneficiaries of the management teams of PPC S.A. and PPC Renewables S.A. - as mentioned below -, holding the office of Head of Departments and above (“Beneficiaries"), pursuant to the provisions of article 114 of Law 4548/2018 in conjunction with article 49 of such law.
The total value of the shares stood at €6,750,103.90, based on the closing price of €9.7 of the Company’s share on 16.8.2023 and were distributed to 112 Beneficiaries in total, of whom the following persons (mentioned in alphabetical order) fall under article 19, par. 1 of EU Regulation 596/2014 on the above date:
The aforementioned distribution was made following the Resolution of the Extraordinary General Meeting of the Company’s Shareholders, dated 4.6.2021, pursuant to which the Remuneration Policy of the Company was approved, where it is foreseen, among other, the establishment of a stock awards program to top and senior managers of PPC S.A. and PPC Renewables S.A., subject to the achievement of specific goals, which was verified pursuant to the Decision of the Company’s Board of Directors dated 18.7.2023. The aforementioned shares were acquired in the context of the Company's own share buyback program, which was approved by virtue of the Decision of its Board of Directors dated 21.12.2021, pursuant to the abovementioned Remuneration Policy.
The Beneficiaries received the shares free of payment and with an obligation to retain the shares for a period of at least six (6) months from the distribution date.
Following the above distribution, the Company holds 11,292,885 own shares in total, equivalent to 2.9563% of the Company's total number of shares.
This announcement is made pursuant to the provisions of Regulation (EU) No 596/2014 and Law 3556/2007.