Month: June 2010

Following earlier announcements of 24/9/2009 and 14/6/2010, “MOTOR OIL (HELLAS) S.A.” hereby acknowledges the completion of the transaction for the acquisition of the activities of SHELL Group in Greece.

More specifically, “MOTOR OIL (HELLAS) S.A.” acquired from “SHELL OVERSEAS HOLDINGS LTD” 100% of the shares of “SHELL HELLAS S.A.” for a cost of Euro 73 million and from “SHELL GAS (LPG) HOLDINGS BV” 100% of the shares of “SHELL GAS A.E.B.E. YGRAERION” for a cost of Euro 29.6 million.

The difference from the agreed total value of Euro 245.6 million concerns refinancing of debt of the acquired companies.

The above figures are subject to the final settlement following an audit by certified accountants.

It has been agreed, through a trademark licensing agreement, to retain the SHELL brand at the retail network, the products, and the services of SHELL for a minimum period of 5 years.

Maroussi, 30th June 2010

The Board of Directors

 

In the context of article 2 paragraph 2 ib) of the Decision 3/347/12.7.2005 of the Board of Directors of the Hellenic Capital Market Commission, and following receipt of a Hellenic Competition Commission letter dated June 11th, 2010, MOTOR OIL (HELLAS) S.A. hereby announces the approval of the concentration with SHELL HELLAS S.A. The terms and conditions (corrective measures) set to the acquirer MOTOR OIL by the Hellenic Competition Commission concern the loss, within a specific timescale, of certain either SHELL or AVIN retail outlets in the Ioannina and Cefallonia prefectures as a means to limit the market share in the gasoline, auto and heating diesel retail sectors to 55%.

 

Maroussi, June 14th, 2010

The Board of Directors

 

According to article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Markets Commission, it is hereby announced that the Board of Directors of the Company, which was elected by the Annual Ordinary General Assembly of Company Shareholders of May 27th, 2010, during its meeting dated May 28th, 2010 organized as a Body Corporate as follows:

Vardis J. Vardinoyannis – Chairman and Managing Director, Executive Member

John V. Vardinoyannis – Vice Chairman, Executive Μember

Panagiotis Ν. Kontaxis – Vice Chairman, Νon Executive Μember

John N. Kosmadakis – Deputy Managing Director, Executive Μember

Petros Τ. Tzannetakis – Deputy Managing Director, Executive Μember

Demosthenes N. Vardinoyannis – Νon Executive Μember

Nikos Th. Vardinoyannis – Νon Executive Μember

George P. Alexandridis – Νon Executive Μember

Eleni – Maria L. Theodoroulakis – Νon Executive Μember

Despina N. Manolis – Νon Executive Μember

Konstantinos V. Maraveas – Νon Executive / Independent Μember

Antonios Th. Theoharis – Νon Executive / Independent Μember

The term of the new Board of Directors expires on the next Annual Ordinary General Assembly of Company shareholders which will approve the Financial Statements for the year 2010.

 

MAROUSSI, June 2nd, 2010

THE BOARD OF DIRECTORS

 

MOTOR OIL (HELLAS) S.A. hereby announces that on May 6th, 2010 and according to the Law 3845/2010 an extraordinary contribution was imposed on companies with net profits for the fiscal year 2009 in excess of Euro 100 thousand. Therefore, the year 2010 financial results are expected to be charged with the amount of Euro 12.9 million at Company level and with the amount of Euro 13.4 million at Group level.

MAROUSSI, June 2nd, 2010

THE BOARD OF DIRECTORS