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29.07.2021

Announcement of HELLENIC PETROLEUM for the initiation of hive-down

“HELLENIC PETROLEUM S.A.” (the “Company”) announces that its Board of Directors resolved today the initiation of the hive-down process by way of a spin-off of its refining, supply & trading, and petrochemicals business and its transfer to a new entity that will be established (“Beneficiary”) in accordance with par. 3 of Article 57, Articles 59-74 of L. 4601/2019 and Article 52 of Law 4172/2013, as in force (the “Hive -Down”).

The Beneficiary shall be an 100% subsidiary of the Company. The Company will retain activities and certain assets and liabilities that do not relate to the spin-off business but, mainly, to the provision of administrative services to the companies of HELPE Group and to third parties, while its shares will remain listed on the Main Market of the Athens Exchange.

Moreover, in accordance with the same resolution, the 30th June 2021 has been set as the balance sheet and valuation date of the hive-down business.

The completion of the Hive-Down is subject to the approvals of the Company’s Board of Directors and General Meeting of Shareholders, as well as to all other approvals.

The Company will inform investors on the progress of the Hive-Down process, in accordance with the applicable legislation.

Relevant Content

09.09.2024

Transfer of own shares

HELLENiQ ENERGY Holdings S.A. (the "Company"), announces that, in accordance with the decision of the Annual General Meeting that took place on 27 June 2024, on 6 September 2024, it proceeded with the distribution, free of charge, of a one-time allotment (through an over-the-counter transaction) comprising 80,000 of the Company's own, common, registered shares, among eight beneficiaries (the "Beneficiaries") who served as non-executive members of the preceding Board of Directors (with a tenure until 27 June 2024), with each Beneficiary receiving 10,000 shares, as follows:

04.09.2024

Purchase of own shares

HELLENiQ ENERGY Holdings S.A. (the "Company"), announces that, within the framework of its share buyback program, during the period from 30/08/2024 to 03/09/2024, it purchased through the Athens Exchange a total of 80,000 own shares as follows:

30.08.2024

Initiation of Buyback program

HELLENiQ ENERGY Holdings S.A. (the "Company"), pursuant to a) the decision of the Annual General Meeting of shareholders of 27 June 2024 (the "General Meeting") which approved the adoption of a share buyback program (the "Buyback Program") and granted the necessary authorization for its implementation to the Board of Directors and b) the decision of the Company's Board of Directors on 29 August 2024, hereby announces its intention to commence the implementation of the Buyback Program. The purpose of the Buyback Program is to facilitate the free distribution of the Company's shares a) to the non-executive members of the Board of Directors whose term of office ended on 27 June 2024, in accordance with the relevant decision of the General Meeting and b) to its executives, as well as to executives of affiliated entities, within the framework of its long-term share distribution program, as established by the General Meeting.