The sale is in
accordance with the Offer and the basic terms of the share buyback agreement, granted authority
to the Board of Directors to take any action required by the Company for the implementation and
completion of the Transaction without restrictions, including any amendments to the contractual
texts to be concluded.
In particular: On 14.12.2023 the MORE company submitted a binding offer (the "Offer") for the acquisition of all the company's shares to ANEMOS RES S.A. ("ANEMOS"). In particular, the Board of Directors having taken into account that:
A) The company MORE, already a shareholder of ANEMOS RES S.A. with a percentage of 75%, intends to acquire all of the company’s ownership shares in ANEMOS RES S.A., i.e. 123,059,250 registered shares, for a total price of 123,520,000 euros in accordance with the more specific conditions included in its Offer.
B) For the above transaction, PKF Euroauditing S.A. was requested to give an opinion as to the fair and reasonable price of the transaction from a financial point of view and that
C) MORE is a 100% subsidiary of "MOTOR OIL S.A.", a company that owns 29.87% of the
Company's share capital and is a related party to it in accordance with the provisions of the case
(a) of paragraph 2 of article 99 of law 4548/2018.
