Announcement – Regulated information
December 27 , 2024
Public Power Corporation S.A. (“PPC”) announces that, the Board Of Directors (BoD), pursuant to Article 9 par. (1), case (a), section (b) of the applicable Articles of Incorporation of the Company, as well as pursuant to Article 85, par. (1), section (c) in conjunction with Article 119, par. 1 of Law 4548/2018, as in force, during its Meeting held on December 19, 2024, ascertained the ipso jure extension of the term of office of two (2) of its Members, namely, Ms. Maria Psillaki and Mr. Georgios Karakousis, from the date of expiry of their term of office, on December 16, 2024, until the expiry of the deadline within which the next Ordinary General Meeting must be convened within 2025, namely, until 10.9.2025.
Following the above, the BoD is formed into a body, with an effective date as of 16.12.2024, as follows:
1. Stassis Georgios, Chairman of the BoD and Chief Executive Officer, Executive Member with term of office ending on 21.8.2025.
2. Papadimitriou Pyrros, Vice-Chairman of the BoD, Independent Non-Executive Member with term of office ending on 21.8.2025.
3. Glavanis Christos-Stergios, Independent, Non – Executive member of the BoD with term of office ending on 29.4.2027
4. Dimitriadis Grigorios, Non-Executive Member of the BoD with term of office ending on 28.6.2025.
5. Doxaki Despina, Independent - Non-Executive Member of the BoD with term of office ending on 28.6.2025.
6. Karakousis Georgios, Deputy Chief Executive Officer of PPC S.A. and Executive Member of the BoD, with term of office ending on the expiry date of the deadline within which the next Ordinary General Meeting of the year 2025 must be convened, namely until 10.9.2025.
7. Kardamakis Stefanos, Independent – Non-Executive Member of the BoD with term of office ending on 21.8.2025.
8. Paterakis Alexandros, Deputy Chief Executive Officer of PPC S.A. and Executive Member of the BoD with term of office ending on 21.8.2025.
9. Sinaniotou Charikleia Independent, Non – Executive member of the BoD with term of office ending on 29.4.2027.
10. Fotakidis Alexandros, Non-Executive Member of the BoD with term of office ending on 21.8.2025.
11. Psillaki Maria, Independent – Non Executive Member of the BoD with term of office ending on the expiry date of the deadline within which the next Ordinary General Meeting of the year 2025 must be convened, namely until 10.9.2025.
Following the ipso jure extension of the term of office of Ms. Maria Psyllaki as a Member of the BoD until the expiry date of the deadline within which the next Ordinary General Meeting must be convened within 2025, namely until 10.9.2025, and the confirmation by the BoDof the fulfillment of the independence requirements of Article 9 of Law 4706/2020 by all Independent Members of the Board of Directors and third persons, non-Members of the BoD, participating in the Audit Committee, according to article 44 of Law 4449/2017, as in force, the BoD ascertained that the composition of the Audit Committee remains as it is, with the terms of office of each member as follows:
1. Angeletopoulos Evangelos, Non-Member of the Board of Directors, with a term of office ending on 7.5.2026
2. Glavanis Christos-Stergios, Independent Non-Executive Member of the Board of Directors, with a term of office ending on 13.12.2025
3. Glykas Nikitas, Non-Member of the Board of Directors, with a term of office ending on 7.5.2026
4. Doxaki Despina, Independent Non-Executive Member of the Board of Directors, with a term of office ending on 28.6.2025
5. Kardamakis Stefanos, Independent Non-Executive Member of the Board of Directors, with a term of office ending on 21.8.2025 and
6. Psyllaki Maria, Independent Non-Executive Member of the Board of Directors, with a term of office ending on the expiry date of the deadline within which the next Ordinary General Meeting of the year 2025 must be convened, namely until 10.9.2025.