Announcement Category: Regulatory Announcements

The Board of Directors of MOTOR OIL (HELLAS) S.A. in its meeting of 24 October 2023 decided the distribution of a gross amount of Euro 0.40 per share as interim dividend for the year 2023. At the same meeting mentioned above, the Company’s Board defined the ex-date, record date and payment commencement date of the year 2023 interim dividend as follows:

Year 2023 ex-interim dividend date: Monday 18 December 2023 (that is, after 15 December 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).

Shareholders entitled to the year 2023 interim dividend: Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T) dated Tuesday 19 December 2023 (record date).

First day of payment of the year 2023 interim dividend: Friday 22 December 2023.

The payment details of the year 2023 interim dividend will be notified by the Company with a subsequent announcement.

Maroussi, 25 October 2023

The Board of Directors

In the context of the Group’s expansion of activities and energy transition strategy, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (the Company) announces the following organisational changes (according to article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Market Commission):

Mr. Manos Christeas, currently General Manager of Finance of Commercial Subsidiaries, is appointed General Manager of Finance of the Company.

Mr. Loukas Tripelopoulos, currently Treasury and Banking Relations Manager of the Company, is appointed General Manager of Finance of Commercial Subsidiaries.

Mr. Petros Tz. Tzannetakis remains Deputy Managing Director and Chief Financial Officer of the Group.

The above-mentioned changes will come into effect on October 1^st, 2023.

 

Maroussi, 28 August 2023

The Board of Directors

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the financial results of H1 2023 will be released after the close of business on Tuesday August 29^th, 2023 while a teleconference has been scheduled for Wednesday August 30^th, 2023 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 ATHEX website www.athexgroup.gr after the close of business on Tuesday August 29^th, 2023.

Maroussi, 18 August 2023

The Board of Directors

Following the announcement dated June 22^nd, 2023, which was also uploaded on the General Electronic Commercial Registry (GEMI) with protocol number 2985413/22.06.2023, 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 for the provision of a guarantee in favor of the related company ALPHA SATELLITE TELEVISION S.A up to the amount of Euro 9.8 million, lapsed on July 3^rd, 2023.

The said special permission is valid for six months.

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

 

Maroussi, 4 July 2023

The Board of Directors

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that its Board in its meeting dated June 15^th, 2023 granted special permission for the provision of a guarantee up to the amount of EUR 9.8 million in favor of the related company ALPHA SATELLITE TELEVISION S.A. for the coverage of an equivalent amount of the latter’s lease payment liabilities up to EUR 35 million.

The ALPHA SATELLITE TELEVISION S.A. lease payment liabilities mentioned above will be the result of the related company entering into a 15-year tenor property sale and lease back agreement scheduled to be signed with PIRAEUS LEASING SINGLE MEMBER S.A.

The MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. guarantee up to the amount of EUR 9.8 million will be provided to PIRAEUS LEASING SINGLE MEMBER S.A.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. is the parent company of MEDIAMAX HOLDINGS LIMITED which participates in the share capital of ALPHA SATELLITE TELEVISION S.A. with an aggregate 50% stake that is 24.99% directly and 25.01% indirectly, through NEVINE HOLDINGS LIMITED. Hence, MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. and ALPHA SATELLITE TELEVISION S.A. are related parties pursuant to the articles 99-101 of the Law 4548/2018.

The Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. having taken into consideration the fairness opinion report conducted by Quality Audit Services Certified Public Accountants Ltd dated June 13^th, 2023, deemed the provision of the guarantee in question to be fair and reasonable, to the best interests of the related company and of the MOTOR OIL Group and not expected to impair the interests of the guarantor, of the minority shareholders and of the non-related parties.

The report of Quality Audit Services Certified Public Accountants Ltd is available on the Company website www.moh.gr at the particular option:

Investor Relations / Regulatory Information / Regulatory Announcements / 2023.

According to the Law 4548/2018 the special permission of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. for the provision of the guarantee in favor of ALPHA SATELLITE TELEVISION S.A. is valid for six (6) months.

The present announcement is issued in accordance with the paragraph 3 of the Article 100 of the Law 4548/2018.

Maroussi, 22 June 2023

The Board of Directors

 

Quality Audit Services Certified Public Accountants Ltd_Fairness Opinion in Greek only.pdf

 

Pursuant to article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Markets Commission, it is hereby announced that the new Board of the Company in its meeting dated 9 June 2023 organized as a Body Corporate as follows:

Vardis J. Vardinoyannis – Chairman, Non-Executive Member

Yannis V. Vardinoyannis – Vice Chairman & Managing Director, Executive Μember

John N. Kosmadakis – Deputy Managing Director, Executive Μember

Petros Τ. Tzannetakis – Deputy Managing Director, Executive Μember

Nikolaos Th. Vardinoyannis – Νon-Executive Μember

George P. Alexandridis – Νon-Executive Μember

Niki D. Stoufi – Non-Executive Member

Panayotis J. Constantaras – Non-Executive / Independent Member

Rania N-P Ekaterinari – Non-Executive / Independent Member

Dimitrios-Antonios  A. Anifantakis – Non-Executive / Independent Member

The term of the above members of the Board is for one year commencing on the next day following their election by the General Assembly and extended to the deadline the next Ordinary General Assembly has to take place and until the relevant decision is taken.

 

Moreover, the Audit Committee of the Company was organized as a Body Corporate on 8 June 2023 as follows:

Chair:

Panayotis J. Constantaras (Non-Executive / Independent BoD Member)

Members:

Konstantinos N. Thanopoulos – Independent Third Person

Spyridon X. Kyritsis – Independent Third Person

The term of office of the Audit Committee is for one year i.e. similar to that of the members of the new Board.

 

Furthermore, the Board of Directors appointed the joint Remuneration & Nomination Committee with responsibilities as stipulated in articles 11 and 12 of the Law 4706/2020. The Remuneration & Nomination Committee consists of the following members:

Chair:

Rania N-P Ekaterinari (Non-Executive / Independent Board member)

Members:

Dimitrios-Antonios  A. Anifantakis (Non-Executive / Independent Board member)

Niki D. Stoufi (Non-Executive Board member)

 

Lastly, the Board of Directors appointed the Sustainability Committee as follows:

Chair:

Petros Τ. Tzannetakis (Executive Board member)

Members:

John N. Kosmadakis (Executive Board member)

Michael-Matheos J. Stiakakis (Refinery General Manager / Non-Board member)

Rania N-P Ekaterinari (Non-Executive / Independent Board member

Niki D. Stoufi (Non-Executive Board member)

The task of the Sustainability Committee is to oversee, approve and monitor the Group’s Sustainability Strategy, set ESG targets, monitor the ESG performance, identify opportunities or ESG risks and decide on corrective actions.

 

Maroussi, 12 June 2023

The Board of Directors

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. announces that its subsidiary under the legal name MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A. (MORE) acquired 75% of the share capital of the company with the legal name UNAGI S.A. which engages in the production of electricity and which, in the context of its corporate objectives, may participate in other companies engaging in the same or similar business endeavors.

UNAGI S.A. participates with a 51% stake in the share capital of the companies BALIAGA IKE, TEICHIO S.A and PIVOT SOLAR SINGLE MEMBER IKE which are in possession of a portfolio of photovoltaic projects at various stages of total nominal capacity 1.9 GW located in Macedonia and Central Greece.

The transaction forms part of the strategy of the Group of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. for its expansion and establishment in the Renewable Energy Sources (RES) sector.

Maroussi, 26 May 2023

The Board of Directors

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the financial results of Q1 2023 will be released after the close of business on Tuesday, May 30^th, 2023 while a teleconference has been scheduled for Wednesday, May 31^st, 2023 at 17:30 hrs local time (UK: 15:30, EASTERN US: 10:30).

The Interim Financial Statements for the period 1.1.2023 – 31.3.2023 will be available on the Company website www.moh.gr (Investor Relations / Financial Information / Quarterly Financial Statements) as well as on the ATHEX site www.athexgroup.gr after the close of business on Tuesday, May 30^th, 2023.

Maroussi, 16 May 2023

The Board of Directors