Pursuant to the provisions of section 4.1.3.3 of the Regulation of the Athens Exchange, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Extraordinary General Assembly was convened on October 11th, 2023 at 10:00 hours at Athens Plaza hotel, Syntagma Square with shareholders being present representing a percentage of 69.03% of the share capital. The quorum percentage amounted to 70.43% because, according to the provisions of article 50 of the Law 4548/2018, the percentage of the own shares held by the Company was not taken into account.
All items on the daily agenda were approved.
Item 1: The early termination of the share Buyback program approved by the Annual Ordinary General Assembly of Company shareholders dated June 30th, 2022 was approved (program terms: purchases up to 7,000,000 shares – lower price limit: Euro 8 per share – upper price limit: Euro 23 per share – program duration: 08.07.2022 – 24.05.2024)
Item 2: A new share Buyback program was approved and the relevant authorisation to the Board for the procedural matters relating to the program was granted. The terms of the new program are the following:
– Duration: 20 October 2023 – 30 May 2025
– Maximum Number of shares to be purchased: 5,000,000
– Lower price limit: Euro 8
– Upper price limit: Euro 31
Maroussi, October 11th, 2023
The Board of Directors