Announcement – Regulated information
April 17, 2025
PPC S.A. ( “the Company”) announces that the Extraordinary General Meeting of Shareholders, was held on April 16th, 2025, at 11:00, in accordance with the Invitation to the Extraordinary General Meeting, which was published on March 26th, 2025, pursuant to the provisions of the Law and its Articles of Incorporation and was posted on the Company’s website.
In the Extraordinary General Meeting of Shareholders, 386 Shareholders were legally presented (in person or by proxy), representing 233,717,109 common registered shares with voting right on a total of 346,498,376 common registered shares with voting right (own shares are not taken into account for the formation of the quorum of α General Meeting pursuant to article 50, paragraph 1, item a of Law 4548/2018), that is a quorum of 67.45%.
The Extraordinary General Meeting of the Shareholders held on April 16th, 2025 discussed and resolved on the following items of the Agenda that were put to vote - it is noted that Item One [“Announcement (ratification) of the election of a Member to the Board of Directors of the Company to replace a resigned member for the period from 18.3.2025 until the date of the Extraordinary General Meeting”] constitutes an announcement to the General Meeting by Law and was not put to vote.
Pursuant to Article 82 par. 1 of Law no. 4548/2018, in conjuction with the Board of Directors (BoD) Decision No. 19/18.3.2025, it was announced to the General Meeting concerning the period from 18.3.2025 until 16.4.2025, date of the Extraordinary General Meeting, the election of Mr. Ioannis Papachristou, as a Non Executive Member of the BoD of the Company replacing its resigned Member, Mr. Grigorios Dimitriadis.
ITEM TWO: Α. Election of Chief Executive Officer.
Β. Election of Board Members.
Α. Election of Chief Executive Officer.
The shareholders approved the re-election of Mr. Georgios Stassis, as Chief Executive Officer for a three-year term of office, namely from 16.4.2025 until 15.4.2028, as proposed by the BoD, following the recommendation - proposal of the Nomination, Remuneration and Recruitment Committee (NRRC).
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 219,390,719, against: 14,326,390, abstained: 0.
Therefore, the majority of the shareholders on a 93.87% of the valid votes has voted in favor of the item.
Β. Election of Board Members.
The shareholders have approved the election (or re-election) of the remaining eight members of the BoD in the capacity mentioned for each member, as proposed by the BoD, following the recommendation - proposal by the NRRC:
1. Doxaki Despoina as Independent (Non-Executive Member) for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 233,118,870, against: 598,239, abstained: 0.
Therefore, the majority of the shareholders on a 99.74% of the valid votes has voted in favor of the item.
2. Kardamakis Stefanos as Independent (Non-Executive Member) for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 233,498,414, against: 218,695, abstained: 0.
Therefore, the majority of the shareholders on a 99.91% of the valid votes has voted in favor of the item.
3. Papadimitriou Pyrros as Independent (Non-Executive Member) for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 232,143,002, against: 1,574,107, abstained: 0.
Therefore, the majority of the shareholders on a 99.33% of the valid votes has voted in favor of the item.
4. Papachristou Ioannis as Member for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 233,205,891, against: 511,218, abstained: 0.
Therefore, the majority of the shareholders on a 99.78% of the valid votes has voted in favor of the item.
5. Paterakis Alexandros as Member, for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 233,007,271, against: 709,838, abstained: 0.
Therefore, the majority of the shareholders on a 99.70% of the valid votes has voted in favor of the item.
6. Fotakidis Alexandros as Member for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 232,998,813, against: 718,296, abstained: 0.
Therefore, the majority of the shareholders on a 99.69% of the valid votes has voted in favor of the item.
7. Christodoulopoulou Georgia as Member for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 233,547,759, against: 169,350, abstained:0.
Therefore, the majority of the shareholders on a 99.93% of the valid votes has voted in favor of the item.
8. Psyllaki Maria as Independent (Non-Executive Member) for a three year term, that is from 16.4.2025 until 15.4.2028
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital that was present.
Number of votes in favor: 232,929,467, against: 787,642, abstained: 0.
Therefore, the majority of the shareholders on a 99.66% of the valid votes has voted in favor of the item.
It is noted that in the eleven (11) member BoD of the Company, there are also two (2) members, Mr. Christos-Stergios Glavanis and Ms. Charikleia Sinaniotou, both Independent Non – Executive members of the BoD, who were elected pursuant to the Decision of the Extraordinary General Meeting of Shareholders on April 30, 2024, for a three year term of office, from 30.4.2024 until 29.4.2027.
ITEM THREE: Amendment of articles 3 and 30 of the Articles of Incorporation of PPC S.A. and Codification thereof.
The General Meeting has approved the amendment of articles 3 and 30 of the Articles of Incorporation of “PPC S.A.” and Codification thereof.
The total number of votes for which valid votes were casted, amounted to 233,717,109, which correspond to 100% of the share capital, that was present.
Number of votes in favor: 232,100,597, against: 0, abstained: 1,616,512.
Therefore, the majority of the shareholders on a 99.31% of the valid votes has voted in favor of the item.
Following the resolutions of the General Meeting as mentioned above, the BoD by its Decision 38/16.4.2025, was formed into a body, as follows:
Group A’ (term of office from 16.4.2025 until 15.4.2028)
1. Stassis Georgios, Chairman of the BoD and Chief Executive Officer, Executive Member
2. Papadimitriou Pyrros, Vice-Chairman of the BoD, Independent Non-Executive Member
3. Doxaki Despina, Independent Non-Executive Member of the BoD
4. Kardamakis Stefanos, Independent Non-Executive Member of the BoD
5. Papachristou Ioannis, Non-Executive Member of the BoD
6. Paterakis Alexandros, Deputy Chief Executive Officer of PPC S.A. and Executive Member of the BoD
7. Fotakidis Alexandros, Non-Executive Member of the BoD
8. Christodoulopooulou Georgia, Executive Member of the BoD
9. Psillaki Maria, Independent Non - Executive Member of the BoD
Group B (term of office from 30.4.2024 until 29.4.2027)
10. Glavanis Christos-Stergios, Independent Non – Executive member of the BoD
11. Sinaniotou Charikleia, Independent Non – Executive member of the BoD
Furthermore, following the aforementioned decision of the Board of Directors, the composition of the Audit Committee, as well as of the Nomination, Remuneration and Recruitment Committee of the Company, is as follows:
AUDIT COMMITTEE (AC)
- Angeletopoulos Evangelos, non Member of the Board of Directors, with a term of office ending on 7.5.2026.
- Glavanis Christos-Stergios, Independent Non-Executive Member of the Board of Directors, with a term of office ending on 29.4.2027.
- Glykas Nikitas, non-Member of the Board of Directors, with a term of office ending on 7.5.2026.
- Doxaki Despina, Independent Non-Executive Member of the Board of Directors, with a term of office ending on 15.4.2028.
- Sinaniotou Charikleia, Independent Non-Executive Member of the BoD, term of office ending on 29.4.2027.
- Psillaki Maria, Independent Non-Executive Member of the BoD, with a term of office until 15.4.2028.
NOMINATION, REMUNERATION AND RECRUITMENT COMMITTEE (NRRC)
- Papadimitriou Pyrros, Vice-Chairman of the BoD, (Independent Non- Executive Member of the BoD), Chairman of the NRRC, term of office ending on 15.4.2028.
- Psillaki Maria, (Independent Non-Executive Member of the BoD), Member of the NRRC, with a term of office ending on 15.4.2028.
- Kardamakis Stefanos, (Independent Non-Executive Member of the BoD), Member of the NRRC, with a term of office ending on 15.4.2028.