Pursuant to (a) the resolution passed at the Annual General Meeting of Shareholders held on 13 June 2025, which, inter alia, approved the establishment of a share buyback program in accordance with Article 49 of Law 4548/2018 (the “Buyback Program”) and authorized the Board of Directors accordingly, and (b) the subsequent decision of the Board of Directors dated 25 June 2025, the Company hereby announces to the investing public the commencement of the Buyback Program under the following terms:
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The Buyback Program has been adopted in full compliance with the applicable legal and regulatory framework and is subject to all requisite regulatory approvals.
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The maximum number of treasury shares that may be repurchased under the Buyback Program is 12,052,877 shares, representing 10% of the Company’s issued share capital. The repurchase price per share shall range between a minimum of €1.00 and a maximum of €5.00. The Program will be effective for a period of twenty-four (24) months from the date of approval by the General Meeting, i.e., until 13 June 2027.
All transactions executed pursuant to the Buyback Program will be duly reported to the competent regulatory authorities and disclosed to the public in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (“MAR”).
This announcement is made in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, the Delegated Regulation (EU) 2016/1052 of 8 March 2016, and Decision No. 25 of the Governing Committee of the Athens Stock Exchange.
