26/04/2024 17:25:03

Update regarding the special permission of the Board pursuant to the Law 4548/2018

Following its previous announcement dated 17th of November 2020, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (The Company) hereby informs the investment public that the 10 day deadline for the submission of a request for a General Meeting to decide on the special permission allowing its subsidiary IREON INVESTMENTS LTD (the Seller) to proceed with a sale of up to 263,369 of OPTIMA BANK S.A. shares, lapsed on 27th of November 2020.

The said special permission is valid for six months and within this period IREON INVESTMENTS LTD can proceed with the sale of up to 263,369 of OPTIMA BANK S.A. shares at a price of Euro 18.35 per share. The buyers of the said 263,369 OPTIMA BANK S.A. shares will be related to MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. parties, as these parties are defined in the articles 99 until 101 of the Law 4548/2018. The above number of 263,369 shares corresponds to 7% of the share capital of OPTIMA BANK S.A.

The Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. set the offered price at Euro 18.35 per OPTIMA BANK S.A. share, having taken into consideration the fairness opinion report on OPTIMA BANK S.A. dated 30th of October 2020 (available in the Greek language on the Company website www.moh.gr at the particular option News / 2020) conducted by the audit firm Grant Thornton. The above mentioned price of Euro 18.35 per share is considered in the Grant Thornton report as a true and fair price for the Company and its shareholders who are not related persons including the minority shareholders.  

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will inform the investment public regarding the progress of the above-mentioned transactions.

The present announcement is issued in accordance with paragraph 2 of the Article 101 of the Law 4548/2018.

Maroussi, 30 November 2020

The Board of Directors

Stock Exchange Transactions of OPTIMA BANK S.A. (Regulated Information Law 3556/2007)

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that in accordance with the Laws 3556/2007 and 3606/2007 it was informed by OPTIMA BANK S.A. that the latter effected stock exchange transactions as follows:

DateTransaction TypeVolumeFinancial InstrumentValue (in EUR)
27/11/2020Sale11,226ΜΟΗ (Common Stock) 123,407.06
27/11/2020Purchase5,548ΜΟΗ (Common Stock) 61,022.27
27/11/2020Purchase47Stock Future MOH DEC 202051,588.00
27/11/2020Sale37Stock Future MOH DEC 202040,457.00

OPTIMA BANK S.A. executed the above-mentioned stock exchange transactions in its capacity as market maker in the Derivatives market of the Futures Contracts of the common stock of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

The above stock exchange acknowledgements on OPTIMA BANK S.A. behalf to the Company and the subsequent announcement of the Company to the Capital Market Competent Authorities, are made because Mr. Petros Tzannetakis is a Non-Executive member of the Board of OPTIMA BANK S.A. and at the same time he is an Executive member of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. Mr. Petros Tzannetakis is a person obliged to acknowledge his stock exchange transactions with subject the shares issued by MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (article 19 of EU Regulation 596/2014).

Maroussi, 30 November 2020

The Board of Directors

Stock Exchange Transactions of OPTIMA BANK S.A. (Regulated Information Law 3556/2007)

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that in accordance with the Laws 3556/2007 and 3606/2007 it was informed by OPTIMA BANK S.A. that the latter effected stock exchange transactions as follows:

DateTransaction TypeVolumeFinancial InstrumentValue (in EUR)
26/11/2020Sale7,052ΜΟΗ (Common Stock) 78,693.13
26/11/2020Purchase7,729ΜΟΗ (Common Stock) 86,487.73
26/11/2020Purchase71Stock Future MOH DEC 202079,174.00
26/11/2020Sale16Stock Future MOH DEC 202017,651.00

OPTIMA BANK S.A. executed the above-mentioned stock exchange transactions in its capacity as market maker in the Derivatives market of the Futures Contracts of the common stock of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

The above stock exchange acknowledgements on OPTIMA BANK S.A. behalf to the Company and the subsequent announcement of the Company to the Capital Market Competent Authorities, are made because Mr. Petros Tzannetakis is a Non-Executive member of the Board of OPTIMA BANK S.A. and at the same time he is an Executive member of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. Mr. Petros Tzannetakis is a person obliged to acknowledge his stock exchange transactions with subject the shares issued by MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (article 19 of EU Regulation 596/2014).

Maroussi, 27 November 2020

The Board of Directors

Stock Exchange Transactions of OPTIMA BANK S.A. (Regulated Information Law 3556/2007)

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that in accordance with the Laws 3556/2007 and 3606/2007 it was informed by OPTIMA BANK S.A. that the latter effected stock exchange transactions as follows:

DateTransaction TypeVolumeFinancial InstrumentValue (in EUR)
25/11/2020Sale9,567ΜΟΗ (Common Stock) 100,657.41
25/11/2020Purchase4,120ΜΟΗ (Common Stock) 43,560.41
25/11/2020Purchase100Stock Future MOH DEC 2020105,005.00
25/11/2020Sale14Stock Future MOH DEC 202014,815.00

OPTIMA BANK S.A. executed the above-mentioned stock exchange transactions in its capacity as market maker in the Derivatives market of the Futures Contracts of the common stock of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

The above stock exchange acknowledgements on OPTIMA BANK S.A. behalf to the Company and the subsequent announcement of the Company to the Capital Market Competent Authorities, are made because Mr. Petros Tzannetakis is a Non-Executive member of the Board of OPTIMA BANK S.A. and at the same time he is an Executive member of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. Mr. Petros Tzannetakis is a person obliged to acknowledge his stock exchange transactions with subject the shares issued by MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (article 19 of EU Regulation 596/2014).

Maroussi, 27 November 2020

The Board of Directors

Regulated Information: Purchases of own shares (Decision of AGM 17/6/2020)

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on 24 November 2020 it effected purchases of 3,000 Company shares of total value EUR 29,940.01 (average price per share: EUR 9.98).

The aggregate number of treasury stock in possession of the Company (including the shares acquired in the context of the previous buy back program by virtue of the decision of the Annual General Assembly dated 6 June 2018) equals 194,227 corresponding to 0.18% of its share capital. The average price of the own shares purchased by the Company equals EUR 10.85 per share. The purchases of own Company shares are effected through the ATHEX Member PIRAEUS SECURITIES.

Maroussi, 25 November 2020

The Board of Directors

Regulated Information in the Context of Regulation EU 596/2014: Acknowledgement of Transaction

It is announced that Motor Oil Holdings Ltd (related legal entity with Messrs. Vardis J. Vardinoyannis, John V. Vardinoyannis and Petros T. Tzannetakis – respectively Chairman of the Board, Vice Chairman of the Board and Deputy Managing Director of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.) effected stock exchange transaction with subject MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. shares as follows:

Purchase of 3,500 shares of total value Euro 34,982.66 on 24 November 2020.

Maroussi  25 November 2020

The Board of Directors

Stock Exchange Transactions of OPTIMA BANK S.A. (Regulated Information Law 3556/2007)

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that in accordance with the Laws 3556/2007 and 3606/2007 it was informed by OPTIMA BANK S.A. that the latter effected stock exchange transactions as follows:

DateTransaction TypeVolumeFinancial InstrumentValue (in EUR)
24/11/2020Sale4,045ΜΟΗ (Common Stock) 40,809.23
24/11/2020Purchase4,384ΜΟΗ (Common Stock) 44,193.16
24/11/2020Purchase35Stock Future MOH DEC 202035,223.00
24/11/2020Sale21Stock Future MOH DEC 202021,172.00

OPTIMA BANK S.A. executed the above-mentioned stock exchange transactions in its capacity as market maker in the Derivatives market of the Futures Contracts of the common stock of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

The above stock exchange acknowledgements on OPTIMA BANK S.A. behalf to the Company and the subsequent announcement of the Company to the Capital Market Competent Authorities, are made because Mr. Petros Tzannetakis is a Non-Executive member of the Board of OPTIMA BANK S.A. and at the same time he is an Executive member of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. Mr. Petros Tzannetakis is a person obliged to acknowledge his stock exchange transactions with subject the shares issued by MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (article 19 of EU Regulation 596/2014).

Maroussi, 25 November 2020

The Board of Directors

Stock Exchange Transactions of OPTIMA BANK S.A. (Regulated Information Law 3556/2007)

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that in accordance with the Laws 3556/2007 and 3606/2007 it was informed by OPTIMA BANK S.A. that the latter effected stock exchange transactions as follows:

DateTransaction TypeVolumeFinancial InstrumentValue (in EUR)
23/11/2020Sale12,133ΜΟΗ (Common Stock) 124,787.54
23/11/2020Purchase7,005ΜΟΗ (Common Stock) 71,228.02
23/11/2020Purchase102Stock Future MOH DEC 2020105,195.00
23/11/2020Sale33Stock Future MOH DEC 202033,576.00

OPTIMA BANK S.A. executed the above-mentioned stock exchange transactions in its capacity as market maker in the Derivatives market of the Futures Contracts of the common stock of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

The above stock exchange acknowledgements on OPTIMA BANK S.A. behalf to the Company and the subsequent announcement of the Company to the Capital Market Competent Authorities, are made because Mr. Petros Tzannetakis is a Non-Executive member of the Board of OPTIMA BANK S.A. and at the same time he is an Executive member of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. Mr. Petros Tzannetakis is a person obliged to acknowledge his stock exchange transactions with subject the shares issued by MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (article 19 of EU Regulation 596/2014).

Maroussi, 24 November 2020

The Board of Directors

Regulated Information: Purchases of own shares (Decision of AGM 17/6/2020)

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that on 20 November 2020 it effected purchases of 4,500 Company shares of total value EUR 45,735.00 (average price per share: EUR 10.16).

The aggregate number of treasury stock in possession of the Company (including the shares acquired in the context of the previous buy back program by virtue of the decision of the Annual General Assembly dated 6 June 2018) equals 191,227 corresponding to 0.17% of its share capital. The average price of the own shares purchased by the Company equals EUR 10.86 per share. The purchases of own Company shares are effected through the ATHEX Member PIRAEUS SECURITIES.

Maroussi, 23 November 2020

The Board of Directors

Regulated Information in the Context of Regulation EU 596/2014: Acknowledgement of Transaction

It is announced that Motor Oil Holdings Ltd (related legal entity with Messrs. Vardis J. Vardinoyannis, John V. Vardinoyannis and Petros T. Tzannetakis – respectively Chairman of the Board, Vice Chairman of the Board and Deputy Managing Director of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.) effected stock exchange transaction with subject MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. shares as follows:

Purchase of 3,000 shares of total value Euro 30,190.00 on 20 November 2020.

Maroussi  23 November 2020

The Board of Directors