February 25, 2025
Announcement – Regulated Information according to L. 3556/2007
Public Power Corporation S.A. (“PPC”) announces that - according to the provisions of L. 3556/2007 and the relevant notification received on 21.02.2025 by the asset management company Covalis Capital LLP as well as its ultimate controller, Mr. Zilvinas Mecelis, on 18.02.2025 have decreased their participation, as follows:
a) 154,645 voting rights (or 0.04%) attached to shares according to article 10 of 3556/2007, from 159,914 (or 0.04%) on 13.12.2024 and
b) 18,214,170 voting rights (or 4.93%) through contracts for difference (CFDs) by cash settlement (art. 11 par.1(b) of L. 3556/2007, that is through a financial instrument which does not provide the right to acquire shares of PPC, but has a corresponding financial impact) from 18,843,166 (or 5.11) on 13.12.2024.
Therefore, the total participation of Covalis Capital LLP as well as the one of the ultimate controller Mr. Zilvinas Mecelis on 18.02.2025, amounted to 18,368,815 (or 4.97%) voting rights of PPC (i.e. the total of voting rights attached to shares and voting rights through financial instruments) from 19,003,080 (or 5.15%) on 13.12.2024.
The ultimate controller of the asset management company Covalis Capital LLP, through a chain of controlled legal entities (IGE Investments Limited, Covalis Capital GP Limited, Covalis Capital LP, Covalis Capital (Cayman) Limited, Covalis Capital (UK) Limited,) which have designated Covalis Capital LLP as representative in order to proceed to this notification, according to the provisions of article 5 par. 4 of the decision of the Board of HCMC, no 1/434/3.7.2007, is Mr. Zilvinas Mecelis.