Month: March 2022

MOTOR OIL (HELLAS) S.A. hereby informs the investment public that it completed the use of the full amount of Euro 200 million raised from the issuance of the Common Bond Loan through public offer conducted in March 2021. The 200,000 dematerialized common bearer notes of the CBL of nominal value EUR 1,000 each issued by MOTOR OIL (HELLAS) S.A. are listed in the fixed income securities category of the regulated market of the Athens Exchange. The funds have been invested according to the terms depicted in the offering circular.

Given that the completion of the use of funds occurred within the current fiscal year 2022, the final Report of the Use of Proceeds from the issuance of the said CBL covering the period 24.3.2021 – 30.06.2022, along with the accompanying Independent Auditor’s Report, will form part of the Company’s semi-annual financial report for the period 01.01.2022-30.06.2022.

Maroussi, 28 March 2022

The Board of Directors

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (the “Company”) hereby announces that according to the terms of the Common Bond Loan issued by the Company on 23.03.2021 (the “CBL”), the record date for the bond holders entitled to the amount of interest of the second coupon corresponding to the period from 23.09.2021 until 23.03.2022 is Tuesday March 22, 2022.

As of Monday March 21, 2022 (ex-coupon date) the notes issued by the Company will trade on the Athens Exchange without the right for the collection of the amount of interest of the second coupon of the CBL.

The aggregate gross amount of interest of the second coupon of the CBL, corresponding to 200,000 notes currently traded in the organized market of the Athens Exchange, equals 1,910,555.56 EUR, that is 9.5527777778 EUR for each note of nominal value 1,000 EUR, and has been calculated at an annual interest rate of 1.90% (before tax) on a 360 day basis (Actual/360).

The payment of the interest due amount to the entitled bondholders (the “Bondholders”) will be effected through the HELLENIC CENTRAL SECURITIES DEPOSITORY S.A. (ATHEXCSD) on Wednesday March 23, 2022 as follows:

1. Through the S.A.T. Operators (Banks and Brokerage/Securities firms), for the Bondholders who have provided authorization to their Operators regarding collection of monetary distributions according to the provisions of the S.A.T. Operation Regulation of the ATHEXCSD.
2. Especially in cases of coupon interest payments to the legal heirs of deceased Bondholders, whose notes are kept in the Special Account of their S.A.T. ID under ATHEXCSD custody, the payment will be made a) at the ATHEXCSD Headquarters at 110 Athinon Avenue, Athens, daily on working days from 09:00 until 16:00 for a period of one year from the commencement of the coupon interest payment date, or by the means of deposit to a bank account specified in writing by the legal heirs of the deceased Bondholders to the ATHEXCSD, and b) through consignment in cash at the Consignment Deposits and Loans Fund (CDLF) made by the ATHEXCSD after the lapse of one year. All charges and expenses related to the cash consignment arrangement (indicatively, and not exhaustively, rights and fees of the CDLF etc.) will be borne by the entitled heirs.

It is clarified that according to the current applicable legislation the right for the collection of the interest due amount expires on completion of a five year period from the end of the fiscal year in which this right was created (i.e. for the said interest of the second coupon of the CBL the right for its collection expires on 31-12-2027) and following such time bar the uncollected amounts will irrevocably be reimbursed to the Hellenic State.

Maroussi, 14 March 2022