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Ελληνικά

Month: July 2022

Regulated Information: Purchases of own shares (Decision of AGM 30/6/2022)

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on 14 July 2022 it effected purchases of 14,300 Company shares of total value EUR 233,608.00 (average price per share: EUR 16.336).

The aggregate number of treasury stock in possession of the Company equals 775,632 corresponding to 0.70% of its share capital. The average price of the own shares purchased by the Company equals EUR 13.627 per share. The purchases of the above Company shares were effected through the ATHEX Member PIRAEUS SECURITIES.

Maroussi, 15 July 2022

The Board of Directors

Regulated Information: Purchases of own shares (Decision of AGM 30/6/2022) 

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on 13 July 2022 it effected purchases of 5,732 Company shares of total value EUR 93,849.77 (average price per share: EUR 16.373). 

The aggregate number of treasury stock in possession of the Company equals 761,332 corresponding to 0.69% of its share capital. The average price of the own shares purchased by the Company equals EUR 13.576 per share. The purchases of the above Company shares were effected through the ATHEX Member PIRAEUS SECURITIES. 

Maroussi, 14 July 2022 

The Board of Directors 

Regulated Information: Purchases of own shares (Decision of AGM 30/6/2022) 

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on 12 July 2022 it effected purchases of 4,000 Company shares of total value EUR 63,551.08 (average price per share: EUR 15.843). 

The aggregate number of treasury stock in possession of the Company equals 755,600 corresponding to 0.68% of its share capital. The average price of the own shares purchased by the Company equals EUR 13.555 per share. The purchases of the above Company shares were effected through the ATHEX Member PIRAEUS SECURITIES. 

Maroussi, 13 July 2022 

The Board of Directors 

Regulated Information: Purchases of own shares (Decision of AGM 30/6/2022) 

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on 11 July 2022 it effected purchases of 7,350 Company shares of total value EUR 115,979.00 (average price per share: EUR 15.779). 

The aggregate number of treasury stock in possession of the Company equals 751,600 corresponding to 0.68% of its share capital. The average price of the own shares purchased by the Company equals EUR 13.543 per share. The purchases of the above Company shares were effected through the ATHEX Member PIRAEUS SECURITIES. 

Maroussi, 12 July 2022 

The Board of Directors 

Regulated information: Transaction of PDMR

Posted on by irene

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on July 7th, 2022 Mr. Ioannis Kalogirou purchased 1,200 Company shares of total value EUR 19,572.

Mr. Kalogirou is the General Manager of Commercial Subsidiaries of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. and therefore person subject to notification of his transactions on Company securities pursuant to article 19 of the Regulation (EU) No. 596/2014.

Marousi, 8 July 2022
Board of Directors

Regulated information: Acknowledgement of Transactions

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby notifies that on July 5th, 2022 the following PDMRs acquired, by the means of Over the Counter Transaction, Company shares as follows:

Mr. Yannis V. Vardinoyannis, Vice Chairman of the Board and CEO, acquired 100,000 Company shares valued at EUR 1,770,000 based on the share closing price of the ATHEX session of July 5th, 2022

Mr. Ioannis N. Kosmadakis, Deputy CEO, acquired 50,000 Company shares valued at EUR 885,000 based on the share closing price of the ATHEX session of July 5th, 2022

Mr. Petros T. Tzannetakis, Deputy CEO, acquired 50,000 Company shares valued at EUR 885,000 based on the share closing price of the ATHEX session of July 5th, 2022

The present announcement is issued in accordance with the article 19 of the EU Regulation 596/2014.

Maroussi, 7 July 2022

The Board of Directors

Completion of the transactions for the transfer of treasury stock free of payment to the executive Directors of the Company (decision of the AGM of June 30th, 2022)

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on July 5th, 2022 a total of two hundred thousand (200,000) treasury stock of Company shares were transferred by way of Over The Counter Transactions (OTC) to the personal S.A.T. accounts of the three executive Directors of the Company following the relevant decision of the Annual General Assembly dated June 30th, 2022 pursuant to the article 114 of the Law 4548/2018.

More specifically, one hundred thousand (100,000) Company shares were credited to the S.A.T. account of Mr. Yannis V. Vardinoyannis – Vice Chairman of the Board and Managing Director, fifty thousand (50,000) Company shares were credited to the S.A.T. account of Mr.  Petros Tz. Tzannetakis – Deputy Managing Director, and fifty thousand (50,000) Company shares were credited to the S.A.T. account of Mr. Ioannis N. Kosmadakis – Deputy Managing Director.

The entitled executive Directors received the Company shares free of payment and without obligation to retain the shares granted for a specific period.

Following the above transactions the number of treasury stock shares owned by the Company equals 744,250 corresponding to 0.67% of its share capital.

Maroussi, 6 July 2022

The Board of Directors

Payment of Dividend Remainder for the Fiscal Year 2021

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Annual Ordinary General Assembly of Company shareholders dated June 30th, 2022 approved the distribution of an aggregate dividend amount of Euro 0.90 per share for the fiscal year 2021. It is reminded that on November 15th, 2021 the Company paid an interim dividend of Euro 0.20 per share as advance payment for the year 2021 dividend. As a result, the remainder amount of dividend for the year 2021 equals Euro 0.70 per share. It is noted that the dividend remainder amount per share for the fiscal year 2021 will be increased proportionally with the amount of dividend corresponding to the Company’s treasury stock (744,250 shares). The latter shares are not entitled to the dividend remainder. Subsequently, the gross amount of dividend remainder for the fiscal year 2021 equals Euro 0.70473447 per share. The dividend remainder amount is subject to a 5% tax imposed on dividends (that is Euro 0.03523672 per share) pursuant to articles 40 and 64 of the Law 4172/2013 (Government Gazette A’ 167/ 23.07.2013) as amended with the Law 4646/2019, article 24 (Government Gazette A’ 201/ 12.12.2019). As a result, the net payable amount will be Euro 0.66949775 per share. Company shareholders registered in the electronic files of the Dematerialized Securities System (DSS) dated Friday July 8th, 2022 (record date) for MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. are entitled to the dividend remainder amount. As of Thursday July 7th, 2022, the shares will trade ex-dividend remainder for the fiscal year 2021.

The payment of the dividend remainder for the fiscal year 2021 to the shareholders will be effected through the payee bank – BANK OF PIRAEUS S.A. – on Wednesday July 13th, 2022 as follows:

  1. Through the participants in the Dematerialized Securities System (DSS) i.e. Banks and Brokerage/Securities Companies, according to the provisions of the DSS Operation Regulation of the Hellenic Central Securities Depository (ATHEXCSD).
  2. Especially in cases of payment of the dividend remainder to the legal heirs of deceased entitled shareholders, whose securities are kept in the Special Account of their S.A.T. ID in the DSS under ATHEXCSD custody, the disbursement process will be facilitated, following completion of the inheritance procedural steps, through any branch of PIRAEUS BANK network over a period of time until 31st December 2027.

It is clarified that according to the current applicable legislation the right for the collection of the dividend remainder amount expires on completion of a five year period from the end of the fiscal year in which this right was created (i.e. for the said dividend remainder of fiscal year 2021 of the Company the right for its collection expires on 31-12-2027) and following such time bar the uncollected amounts will irrevocably be reimbursed to the Hellenic State.

For any further information shareholders may contact the shareholders’ Office of the Company at +30 210 809 4194 (Mr Ioannis Dimakis) and +30 210 809 4204 (Mr Symeon Lymperakis).

Maroussi, July 5th, 2022

The Board of Directors                

General Assembly decision for the granting of treasury stock free of payment to the executive Directors of the Company

Posted on by Symeon Lymperakis

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Annual General Assembly which was held on June 30th, 2022 approved the granting of 200,000 of the treasury stock shares free of payment to the executive Directors of the Company pursuant to the article 114 of the Law 4548/2018.

According to the decision of the above General Assembly 100,000 Company shares will be granted to the Vice Chairman of the Board & Managing Director Mr. Yannis V. Vardinoyannis while the Deputy Managing Directors Messrs. Petros T. Tzannetakis and Ioannis N. Kosmadakis will be granted 50,000 Company shares each.

The Company will credit the personal S.A.T accounts of the three executive Directors with Company shares it already has in its portfolio which have been purchased in the context of the share buyback program approved by the Annual General Assembly of June 17th, 2020 at an average price of EUR 13.52 per share.

The Company shares which will be granted to the entitled executive Directors are ordinary registered shares with voting rights incorporating all the rights provided by the Law 4548/2018 and the Articles of Association of the Company. There is no obligation on the Directors’ behalf to retain the shares granted to them for a specified period.


Maroussi, 1 July 2022

The Board of Directors