OPAP: 2023 FINANCIAL CALENDAR

2023 FINANCIAL CALENDAR

OPAP S.A., in accordance with articles 4.1.2. & 4.1.4.3.1. of the Athens Exchange Regulation announces its 2023 Financial Calendar, as follows:



Wednesday 15.03.2023: FY 2022 Financial Results Announcement

Thursday 16.03.2023: FY 2022 Annual Analysts’ and Investors’ conference call

Thursday 27.04.2023: Annual General Meeting of Shareholders

Wednesday 24.05.2023: Q1 2023 Financial Results Announcement

Tuesday 06.06.2023: Ex-dividend date, that is, prior to 16.06.2023, which signifies the expiration date for the Futures Contracts on the Company´s stock and on the FTSE/ATHEX Large Cap index in which it is included

Wednesday 07.06.2023: Dividend beneficiaries - Record date

Tuesday 27.06.2023: FY 2022 Dividend Payment date (on which the payment shall commence)

Monday 04.09.2023: Q2 2023 Financial Results Announcement

Tuesday 21.11.2023: Q3 2023 Financial Results Announcement



OPAP clarifies that the financial results will be released following the Athens Exchange market close, at Athens Exchange’s website (www.helex.gr) and at the Company's website (www.opap.gr).

Dividend will be paid according to ATHEX regulation through a credit institution (bank) and clarifications for the dividend payment procedure will be provided at the time.





Athens, 09.03.2023

OPAP S.A.

Α few words about warren buffett

Warren Buffett is an American investor, business magnate, and philanthropist. He was born on August 30, 1930, in Omaha, Nebraska. Buffett is considered one of the most successful investors of all time and has an estimated net worth of over $100 billion, making him one of the wealthiest people in the world.

Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company that owns a variety of businesses, including insurance, retail, and manufacturing companies. He started his investing career in the 1950s and quickly gained a reputation for his savvy stock picking and value investing strategy.

Buffett is known for his long-term approach to investing and his focus on buying quality companies at reasonable prices. He is also known for his folksy demeanor, frugality, and philanthropy. In 2010, he and Bill Gates founded The Giving Pledge, which encourages billionaires to give away the majority of their wealth to charity during their lifetimes.

Buffett has been a vocal critic of excessive executive compensation and has advocated for higher taxes on the wealthy. He is also a proponent of ethical investing practices and has publicly stated his belief in the importance of environmental, social, and governance (ESG) considerations when making investment decisions.

BANK OF GREECE Balance Sheet and Profit and Loss Account for financial year 2022

Balance Sheet and Profit and Loss Account for financial year 2022 At its meeting on 2 March 2023, the General Council of the Bank of Greece approved the Bank’s audited Annual Accounts for the financial year ended 31 December 2022. 

The Bank’s net income of financial year 2022 amounted to €938.7 million, compared with €1,011.0 million in the previous year, having decreased by 7.2%, while total expenses before provisions amounted to €349.3 million, from €361.4 million in 2021, having decreased by 3.3%. 

The Bank’s profit before provisions in 2022 amounted to €589.4 million, from €649.6 million in the previous year, having decreased by €60.2 million. Net profit amounted to €456.8 million, following an increase in provisions by €132.6 million. 

The General Council of the Bank of Greece, in accordance with Article 71 of the Bank’s Statute, decided to propose to the General Meeting of Shareholders: the distribution of the statutory dividend to shareholders, in the amount of €0.6720 per share (unchanged from the previous year), totalling €13.3 million; an increase in the extraordinary reserve by €42.7 million; and the transfer of €400.7 million to the Government. 

 Income - Net interest income, income from financial operations and the pooling and redistribution of the Eurosystem’s monetary income amounted to €784.8 million, from €855.9 million in 2021, having decreased by 8.3%. - Net income from fees and commissions increased by 1.6% to €130.3 million, from €128.2 million in 2021. - Income from equity shares and participating interests amounted to €4.0 million, from €10.8 million in 2021, having decreased by 63.0%. - Finally, other income amounted to €19.6 million, up by 21.7% from €16.1 million in 2021. 21 El. Venizelos Str., GR 102 50 Athens, Greece. Tel: +30 210 320 3446-8 press@bankofgreece.gr | www.bankofgreece.gr 2 | 

 Expenses Total expenses before provisions, i.e. staff costs and pension benefit expenses, other administrative expenses and depreciation costs, amounted to €349.3 million, from €361.4 million in 2021, having decreased by €12.1 million. 

This change was mainly due to a decline in staff costs and pension benefit expenses, as a result of the actuarial remeasurement of the net defined benefit obligation in respect of the pension plan of the Bank, which fully covers the cost of pension benefits for its staff. 

The Bank’s assets as at 31 December 2022 stood at €238.5 billion, up by €0.9 billion compared to the previous year. The total amount of accumulated provisions stood at €4,465.8 million, compared with €4,838.1 million in 2021.

QUEST HOLDINGS purchase of 6.000 Quest Holdings S.A. shares

Quest Holdings S.A. informs the investors that, according to article 49 of the Law 4548/2018 and in compliance with the terms of the Regulation no.2273/2003 of the Commission of the European Communities, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 15/06/2022 and the Decision of the Board of Directors dated 03/01/2023, proceeded on March 2, 2023 through the member of the A.S.E. “Eurobank Equities”, with the purchase of 6.000 Quest Holdings S.A. shares at an average price of 5,13 euro per share and with a total transaction value of 30.774,82 euro.

Following this, the Company holds 752.766 own shares, or 0,7021% of the total outstanding shares.

When is the right time to sell stocks

Investing in the stock market can be a great way to grow your wealth over time. However, knowing when to sell your stocks can be just as important as knowing when to buy them. The decision to sell can be influenced by a variety of factors, including market conditions, company performance, and personal financial goals.

Here are some key factors to consider when deciding whether it's time to sell your stocks:

Changes in Company Performance

One of the most important factors to consider when deciding whether to sell a stock is changes in the company's performance. If the company is struggling to meet its financial goals, experiencing declining revenue or profits, or facing other major challenges, it may be a sign that it's time to sell. Similarly, if the company is going through major changes, such as a merger or acquisition, it may be a good idea to reevaluate your position.

Market Conditions

Another important factor to consider is overall market conditions. If the market is experiencing a downturn, it may be a good time to sell your stocks to minimize your losses. On the other hand, if the market is on an upswing, you may want to hold on to your stocks to take advantage of potential gains. Keep in mind, however, that it can be difficult to predict market movements, so it's important to have a long-term investment strategy in place.

Your Investment Goals

Your personal financial goals should also play a role in deciding when to sell your stocks. For example, if you need to free up cash for a major purchase or to pay off debt, selling your stocks may be a good option. Similarly, if you're nearing retirement and want to minimize risk, it may be a good time to start selling some of your more volatile stocks.

Diversification

Another factor to consider is the overall diversification of your portfolio. If you have too much of your money invested in a single stock or sector, you may want to sell some of your shares to spread out your risk. By diversifying your portfolio, you can minimize the impact of any one stock or sector on your overall investment performance.

Valuation

Finally, it's important to consider the current valuation of your stocks. If a stock has significantly outperformed its peers or its historical valuation, it may be time to take some profits and sell some shares. Similarly, if a stock is trading at a significant premium to its peers or its historical valuation, it may be time to sell.

In conclusion, deciding when to sell your stocks is an important part of managing your investments. By considering factors such as changes in company performance, market conditions, your investment goals, diversification, and valuation, you can make informed decisions about when to sell and when to hold on to your stocks. Remember, investing in the stock market involves risk, so it's important to have a long-term investment strategy and to seek the advice of a financial professional if you're uncertain about your investment decisions.