Update regarding the special permission of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. to its subsidiary MANETIAL LIMITED to proceed with a transaction with a related party pursuant to the articles 99-101 of the Law 4548/2018

Following its announcement dated 15 January 2025, which was uploaded on the General Electronic Commercial Registry (GEMI) under protocol number 3540592/16.01.2025, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (the Company) hereby informs the investment public that the 10-day deadline for the submission of a request for a General Meeting to decide on the special permission in order for the Company's subsidiary under the legal name MANETIAL LIMITED (Purchaser) to proceed with the acquisition of 185,793 registered shares issued by HELECTOR S.A., corresponding to 94.44% of the share capital of the latter, owned by the listed on the Athens Exchange company ELLAKTOR S.A. (Seller) for a total consideration of EUR 114,731,111.11, as this amount may be adjusted in accordance with the usual terms and conditions in transactions of this nature, as set out in the Share Purchase Agreement (SPA) signed between the Purchaser and the Seller on 3 July 2024, lapsed on 27 January 2025.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. and ELLAKTOR S.A. are related parties, as the former participates with a 23.89% stake in the share capital of the latter, pursuant to the articles 99-101 of the Law 4548/2018.

Pursuant to the Law 4548/2018 the special permission of the Board of Directors of the Company for the completion of the above transaction and the transfer of the 185,793 shares issued by HELECTOR S.A. is valid for six (6) months.

The present announcement is issued in accordance with paragraph 2 of the Article 101 of the Law 4548/2018.

 

Maroussi, 28 January 2025

The Board of Directors


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