August 5, 2024
The Public Power Corporation (“PPC” or the “Company”), following a) the 27.06.2024 resolution of the Annual General Meeting of its shareholders, which approved, among others, the establishment of an own share Buyback Program (“Own Shares” and the “Program”, respectively), and b) the relevant 16.07.2024 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 Program concerns the acquisition of up to a maximum of 38,200,000 Own Shares, including the 24,175,179 own shares that have been acquired and are held by the Company, at a minimum purchase price of € 2.48 per share and a maximum purchase price of €29 per share. The time period during which purchases of Own Shares may be made is expected to begin on 05.08.2024 and to end on 04.08.2026, 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.
The announcement is issued in accordance with (EU) Regulation No 596/2014 of the European Parliament and of the Council dated 16.04.2014 and the Commission Delegated Regulation (EU) 2016/1052 dated 08.03.2016.