Following the announcements dated 8 and 21 July 2020, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces the completion of the transaction for the sale of the 100% stake of the share capital of OPTIMA FACTORS S.A. by its subsidiary IREON INVESTMENTS LTD (Seller) to OPTIMA BANK Α.Ε. (Buyer) for a total consideration amount of Euro 6,307,000.
Following the above, the direct stake of IREON INVESTMENTS LTD in OPTIMA FACTORS S.A. became nil.
Maroussi, December 11th, 2020
The Board of Directors
According to article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Market Commission, it is hereby announced that Mr. Achilleas B. Sklivaniotis has been appointed Head of the Internal Audit Department of the Company taking over from Mr. Christos Papagikas who is giving up his post due to retirement on December 31st, 2020.
Mr. Sklivaniotis was born in 1965. He holds a Bachelor’s degree of the Faculty of Electrical Engineering from South Bank University of London, an MSc in Electrical Engineering from the University of Bath (Great Britain) and a Master’s Degree in Business Administration (MBA) from the Athens University of Economics and Business.
He has more than 30 years of working experience with various multinational companies based in Greece and abroad at executive level posts.
Mr Sklivaniotis assumed his duties on December 1st, 2020.
Maroussi, December 3rd, 2020
The Board of Directors
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
Special permission of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. to its subsidiary IREON INVESTMENTS LTD to proceed with transactions with related parties pursuant to articles 99-101 of the Law 4548/2018.
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (The Company) hereby announces that its Board of Directors in its meeting dated 4 November 2020 decided to grant a special permission allowing its subsidiary IREON INVESTMENTS LTD (the Seller) to proceed with a sale of 263,369 of OPTIMA BANK S.A. shares at a price of Euro 18.35 per share. The said 263,369 shares correspond to 7% of the share capital of OPTIMA BANK S.A. and the buyers will be related to MOTOR OIL (HELLAS) S.A. CORINTH REFINERIES S.A. parties, as these parties are defined in the articles 99 until 101 of the Law 4548/2018.
The sale of the above shares is effected in the context of the further divestment of the MOTOR OIL HELLAS S.A. Group from OPTIMA BANK S.A.
The Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. with its decision dated 4 November 2020, having taken into consideration the fairness opinion report on OPTIMA BANK S.A. dated 30 October 2020 conducted by the audit firm Grant Thornton, set the offered price at Euro 18.35 for each OPTIMA BANK S.A. share. The price of Euro 18.35 per share is termed 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 since this price falls within the price range of comparable values mentioned in the report (available in Greek language on the Company website www.moh.gr at the particular option News / 2020).
According to the Law 4548/2018 the special permission granted by the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. for the completion of the transactions is valid for six (6) months.
This announcement is issued in accordance with the paragraph 3 of the Article 100 of the Law 4548/2018.
Maroussi, 17 November 2020
The Board of Directors
Grant Thornton _ Fairness opinion on the OPTIMA BANK S.A. shares (available in Greek only)
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. announces that the Interim Financial Statements for the period 1.1.2020 – 30.9.2020 will be available on the Company site www.moh.gr (Investor Relations / Financial Information / Quarterly Financial Statements) as well as on the HELEX site www.athexgroup.gr after the close of business on Tuesday 24 November 2020 while a teleconference has been scheduled for Wednesday 25 November 2020 at 17:30 hrs local time (UK: 15:30, EASTERN US: 10:30).
Maroussi, 13 November 2020
Following the announcements dated 8 and 21 July 2020, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces the completion of the transaction for the sale of the 94.52% stake of the share capital of OPTIMA ASSET MANAGEMENT A.E.D.A.K by its subsidiary IREON INVESTMENTS LTD (Seller) to OPTIMA BANK Α.Ε. (Buyer) for a total consideration amount of Euro 199,870.30.
Following the above, the direct stake of IREON INVESTMENTS LTD in OPTIMA ASSET MANAGEMENT A.E.D.A.K. became nil.
Maroussi, 12 November 2020
The Board of Directors
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that its Cyprus based subsidiary IREON INVESTMENTS LTD transferred 366,836 shares of OPTIMA BANK S.A. at a price of Euro 18.35 per share to third parties.
The above number of 366,836 shares corresponds to 9.75% of the share capital of OPTIMA BANK S.A.
Following the above, the participation of IREON INVESTMENTS LTD in OPTIMA BANK S.A. reduced to 45.91%.
It is noted that the transfer of an additional percentage of 3% (112,873 shares at a price of Euro 18.35 per share) is pending approval by the competent authorities which, if granted, will result in the reduction of IREON INVESTMENTS LTD participation in OPTIMA BANK S.A. to 42.91%
Maroussi, 12 November 2020
The Board of Directors
Following the announcement dated March 27th, 2020, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (henceforth ‘‘the Company’’) hereby announces that the subsidiary company IREON INVESTMENTS LTD transferred 1,401,502 shares of OPTIMA BANK S.A. at a price of Euro 18.35 per share to related with the Company parties. The above number of 1,404,502 shares corresponds to 37.25% of the share capital of OPTIMA BANK S.A.
Furthermore, IREON INVESTMENTS LTD transferred 269,861 shares of OPTIMA BANK S.A. at the same price of Euro 18.35 per share to third parties. The above number of 269,861 shares corresponds to 7.17% of the share capital of OPTIMA BANK S.A.
Following the above, the participation of IREON INVESTMENTS LTD in the share capital of OPTIMA BANK S.A. amounts to 52.66% from 97.08% previously.
The participation of IREON INVESTMENTS LTD in OPTIMA BANK S.A. is classified as ‘‘assets held for sale’’.
Maroussi, 29 September 2020
The Board of Directors
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the financial results of H1 2020 will be released after the close of business on Wednesday September 2nd, 2020 while a teleconference has been scheduled for Thursday September 3rd, 2020 at 17:30 hrs local time (UK: 15:30, EASTERN US: 10:30).
The Half Year Financial Report will be available on the Company website www.moh.gr (Investor Relations / Financial Information / Half Year Financial Reports) as well as on the HELEX site www.athexgroup.gr after the close of business on Wednesday September 2nd, 2020.
Maroussi, August 20th, 2020
The Board of Directors
MOTOR OIL (HELLAS) S.A. hereby announces the completion of the transaction for the acquisition of one (1) wind park with 40 MW licensed capacity which is located in Northern continental Greece.
The transaction has been effected through TEFORTO HOLDINGS LIMITED (*) which acquired the shares of KELLAS WIND PARK S.A.
The above move forms part of the MOTOR OIL Group strategy for further penetration in the sector of Renewable Energy Sources since, following the completion of the said wind park, the Group’s RES installed capacity will exceed the 100 MW mark.
Maroussi, 10 August 2020
The Board of Directors
(*) 100% subsidiary of the MOTOR OIL Group.
