Commencement of trading of shares resulted from extra-ordinary share capital increase following reinvestment of the interim dividend for the financial year 2021

Commencement of trading of shares resulted from extra-ordinary share capital increase following reinvestment of the interim dividend for the financial year 2021


ΟPAP S.A. (the “Company”) announces to the public that by virtue of the decision of the Board of Directors of the Company dated 7 September 2021, the share capital increase of the Company was decided in the context of the program for the reinvestment of the interim dividend for the financial year 2021, following the granting of relevant authorization by the Annual General Meeting of the Shareholders of 22 May 2019 in accordance with article 24 par. 1 b) of Greek law 4548/2018 for the implementation of the approved by the above General Meeting dividend reinvestment program of a five-year duration (2019 – 2023).

Following the above, the Board of Directors of the Company at its meeting dated 8 November 2021 decided the issuance of one million seven hundred thousand three hundred thirty four (1,700,334) new ordinary, registered, voting shares, of nominal value of 0.30 euro each, which resulted from the partial subscription of the share capital increase from the reinvestment of the interim dividend for the financial year 2021. The shares issued as per the above are granted to the beneficiaries who participated in the reinvestment of the aforementioned dividend, with an issue price equal to the volume weighted average price (VWAP) of the first five (5) trading days of the period for the exercise of the dividend reinvestment right by the beneficiaries shareholders (namely from 22.10.2021 up to and including 29.10.2021), reduced by a percentage of 3% (discount percentage). On the basis of the above, the issue price of the new shares was defined at 13.20 euro. It is reminded that the beneficiaries of the interim dividend for the financial year 2021 are the shareholders of the Company who were registered in the DSS records on 21.10.2021.

In the context of the reinvestment of the interim dividend for the financial year 2021, the beneficiaries shareholders were notified through announcements uploaded on the websites of the Athens Stock Exchange (“ATHEX”) and the Company on their aforementioned right, as well as on the time-period, the manner and the procedure for the exercise thereof. This right was exercised by 2,110 shareholders in total upon request to participate in the relevant program which resulted to the issuance in total of one million seven hundred thousand three hundred thirty four (1,700,334) new ordinary, registered, voting shares. As a result, the share capital of the Company was increased by five hundred ten thousand one hundred euro and twenty cents (€510,100.20) and amounts in total to one hundred five million eight hundred fifty six thousand eight hundred eighty six euro and ten cents (€105,856,886.10), divided to three hundred fifty two million eight hundred fifty six thousand two hundred eighty seven (352,856,287) shares of nominal value of 0.30 euro each.

On 13.06.2019, the decision of the Ministry of Economy & Development – General Secretariat of Commerce and Consumer Protection – General Secretariat of the Market – Directorate of Companies – Department of Supervision of Listed SAs & Sport SAs with prot. number 63019 (Ref. 55568) that was issued on the same date was registered in G.E.MI. with Registration Code Number 1764802, by virtue of which the granting of authorization to the Board of Directors of the Company under article 24 of Greek law 4548/2018 for the extra-ordinary share capital increase of the Company up to the amount of 50,000,000.00 euro, upon issuance of up to 160,000,000 new ordinary, registered, voting shares was approved, which was decided by the resolution of the Annual General Meeting of the Shareholders of the Company dated 22 May 2019, for the implementation of the general terms of the dividend reinvestment program of a five-year duration that was approved by the same resolution. On 11.10.2021, the decision of the Ministry of Development & Investments – General Secretariat of Commerce and Consumer Protection – General Secretariat of the Market – Directorate of Companies – Department of Supervision of Listed SAs & Sport SAs with protocol number 2459786/11.10.2021 that was issued on the same date was registered in G.E.MI. with Registration Code Number 2642717, by virtue of which the following were approved a) the share capital increase of the Company of up to 1,455,000.00 euro, upon issuance of up to 4,850,000 new ordinary, registered, voting shares and b) the relevant amendment of article 5 of the articles of association of the Company (entitled “Share Capital – Shareholders”), which were decided by the Board of Directors of the Company at its resolution dated 7 September 2021. Finally, on 08.11.2021, the resolution of the Board of Directors of the Company of the same date was submitted with G.E.MI., by virtue of which a) it was attested that the verification of the payment of the amount of five hundred ten thousand one hundred euro and twenty cents (€510,100.20) made by set-off has taken place, in accordance with article 20 paras. 4, 6 and 7 and article 28 of Greek law 4548/2018, which constitutes part of the extra-ordinary share capital increase of the Company which was decided by the Board of Directors of the Company at its resolution dated 7 September 2021, and b) the adjustment of article 5 of the articles of association of the Company on share capital was approved, as per the above.



The Corporate Acts Committee of ATHEX at its resolution dated 9.11.2021 approved the admission to trading of the aforementioned new shares of the Company.

Following the above, the admission to trading on ATHEX of one million seven hundred thousand three hundred thirty four (1,700,334) new ordinary, registered, voting shares of the Company takes place on 10 November 2021. On the same date, these shares will be registered to the ATHEXCSD records and the DSS shares and accounts declared by the aforementioned beneficiaries, as provided by the law, while the value of the shares of the Company will be determined in accordance with ATHEX Rulebook and the resolution no. 26 of the Board of Directors of ATHEX, as amended and in force.

For more information, the interested parties may be informed through the relevant document that is available in electronic form on the website of ATHEX and the website of the Company (www.opap.gr) and they may also contact during working days and hours the Investor Relations department at the offices of the Company in Athens, at 112, Athinon Avenue, p.c. 104 42 (contact number 210-5798930).



Athens, 9 November 2021

OPAP S.A.