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03.01.2022

Approval of the demerger of “HELLENIC PETROLEUM S.A.” by way of hive-down of its refining, supply and trading of oil products and petrochemicals sector and the establishment of a new company.

“HELLENIC PETROLEUM S.A.”, with General Commercial Registry (GEMI) No 296601000 (hereinafter the “Demerged Entity”), announces that following its EGM resolution held on 10.12.2021, the demerger by way of hive-down of its refining, supply and trading of oil products and petrochemicals sector and the establishment of a new company (hereinafter the “Demerger”) was approved, by virtue of the decision of the Ministry of Development and Investments No 142903/03.01.2022. The Demerger took place pursuant to the provisions of articles 57 and 59-74 of Law 4601/2019 and Law 4548/2018, as in force and was registered on 03.01.2022 in GEMI with Registration Number 2767913.

Upon the approval of the Demerger, the following events occur:

a) A new entity was incorporated under the name ““HELLENIC PETROLEUM SINGLE-MEMBER SOCIETE ANONYME REFINING, SUPPLY AND SALES OF OIL PRODUCTS AND PETROCHEMICALS” (hereinafter the “Beneficiary Entity”), with GEMI Registration No 162093601000 and trade name “HELLENIC PETROLEUM R.S.S.O.P.P. S.A.” and its Articles of Association were approved. The decision of approval of the new entity’s incorporation and Articles of Association was registered on the same day at GEMI, with Registration No 2768007/03.01.2022.

b) The Demerged Entity became the sole Shareholder of the Beneficiary Entity “HELLENIC PETROLEUM R.S.S.O.P.P. S.A.”, by acquiring all 130,100,000 common, registered shares issued by the Beneficiary Entity, with a nominal value of €10 each.

c) Articles 1 (Name), 4 (Scope) and 19/paragraph 4 (Board of Directors) of the Articles of Association of the Demerged Entity were amended in accordance with the resolution of the EGM held on 10.12.2021. The new corporate name of the Demerged Entity is "HELLENIC PETROLEUM HOLDINGS SOCIETE ANONYME” and its trade name: "HELLENIC PETROLEUM HOLDINGS SA".

It is noted that, following the completion of the Demerger, the shares of the Demerged Entity will remain listed on the Main Market of the Athens Stock Exchange.

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.