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06.05.2021

Announcement - Response to Press Reports on new HELPE Group Strategy

Following recent press reports referring to the transformation of HELLENIC PETROLEUM S.A. (the “Company”), we would like to inform investors:

HELPE Group proceeded to update its strategy, taking into account developments in the Greek and international energy sector. In this context, we redefine and clarify our ESG objectives, as well as our investment plans. Furthermore, the upgrade of the Company´s corporate governance in accordance with the provisions of L.4706/2020 is in process, while various alternatives for the appropriate legal and organisational structure of the Group’s entities are under review. These changes do not affect the Company’s shareholding structure. The Company shall proceed to the relevant announcements once formal decisions and approvals are taken.

Issues relating to corporate governance and alignment with Law 4607/2020 are subject to the approval of the Extraordinary General Meeting of the Company’s shareholders which is scheduled for 20th May 2021. The Company has timely proceeded with all required announcements/notifications in relation to the items of the agenda of the Extraordinary General Meeting while the supporting documentation is available on the Company’s website   (https://www.helpe.gr/en/investor-relations/shareholders-meetings/extraordinary-general-meeting/).

 

 

 

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.