Announcement Category: Regulatory Announcements

Development of Activities & Key Financial Figures in the 3rd Quarter 2022.pdf

 

 

 

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that its Board in its meeting dated December 2^nd, 2022 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 32.5 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 November 29^th, 2022, 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 / 2022.

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, 6 December 2022

The Board of Directors

 

 

Quality Audit Services Certified Public Accountants Ltd -Fairness Opinion (in Greek Only).pdf

 

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that it entered into a Sale-Purchase Agreement for the acquisition of all shares issued by the company under the legal name THALIS ENVIRONMENTAL SERVICES S.A (THALIS ES S.A.).

THALIS ES S.A., which was founded by the late Vasilios Papazisis, engages in the environmental sector and more specifically in the field of circular economy. The company offers a wide range of integrated sustainable solutions in relation to solid waste treatment, water and liquid waste treatment as well as energy, other sources savings and RES utilization in infrastructure.

The completion of the transaction is subject to certain conditions precedent to be fulfilled, inter alia, its approval by the Hellenic Competition Authority.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will provide update to the investment community in relation to the development of the transaction with subsequent announcements or through the interim and the yearly financial reports.

Maroussi, 24 November 2022

The Board of Directors

In view of the upcoming conference call for the Q3 2022 financial results to be held on 24 November 2022 at 17:30 local time (UK 15:30, EASTERN US 10:30), MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the Company’s management will also present the  Group’s Energy Transition Strategy.

The strategy presentation – Targets 2030 will be available on the Company’s website, after the close of business on Thursday 24 November 2022, under: Investor Relations / Financial Information / Presentations

Maroussi, 23 November 2022

The Board of Directors

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the financial results of Q3 2022 will be released after the close of business on Wednesday November 23^rd, 2022 while a teleconference has been scheduled for Thursday November 24^th, 2022 at 17:30 hrs local time (UK: 15:30, EASTERN US: 10:30).

The Interim Financial Statements for the period 1.1.2022 – 30.9.2022 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 Wednesday November 23^rd, 2022.

Maroussi, 8 November 2022

The Board of Directors

The Board of Directors of MOTOR OIL (HELLAS) S.A. in its meeting of 7 November 2022 decided the distribution of a gross amount of Euro 0.40 per share as interim dividend for the year 2022. At the same meeting mentioned above, the Company’s Board defined the ex-date, record date and payment commencement date of the year 2022 interim dividend as follows:

Year 2022 ex-interim dividend date: Monday 21 November 2022 (that is, after 18 November 2022 which signifies the expiration date for the Futures Contracts on the FTSE/ATHEX LARGE CAP index in which the Company’s stock is included).

Shareholders entitled to the year 2022 interim dividend: Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T) dated Tuesday 22 November 2022 (record date).

First day of payment of the year 2022 interim dividend: Friday 25 November 2022.

The payment details of the year 2022 interim dividend will be notified by the Company with a subsequent announcement.

Maroussi, 8 November 2022

The Board of Directors

Following its previous announcements dated 13.1.2022 and 7.7.2022, MOTOR OIL (HELLAS) S.A. announces that on 26.10.2022 the Hellenic Competition Commission unanimously approved the establishment of a new company to be formed bearing the legal name HELLENIC HYDROGEN S.A. and having the following shareholder structure: MOTOR OIL – 51%, PPC S.A. – 49%.

The object of HELLENIC HYDROGEN S.A. (which is in the process of being incorporated) will be the production and storage of green Hydrogen in Greece, thus facilitating the process of the country’s energy transition to an environment of Net Zero carbon emissions.

Athens, 27 October 2022

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (the Company) following the decision taken by its Board on 4 August 2022 to grant a special permission allowing its wholly owned subsidiary MOTOR OIL RENEWABLE ENERGY SINGLE MEMBER S.A. (MORE) to proceed with a transaction with related parties (ELLAKTOR S.A.), pursuant to the articles 99-101 of the Law 4548/2018, and the decisions of the Extraordinary General Assembly of Company shareholders convened on 8 September 2022 which approved a) the transaction between MORE and ELLAKTOR S.A. for the acquisition of 75% of ELLAKTOR’s RES sector from MORE and b) the signing of the Sale and Purchase Agreement (SPA) and the Shareholders’ Agreement (SHA) between MORE and ELLAKTOR S.A. hereby announces the following:

The above-mentioned Sale and Purchase Agreement with counterparties the companies MORE and ELLAKTOR S.A. was signed on 8 September 2022.

The completion of the transaction is subject to the completion of ELLAKTOR’s RES sector spin-off, the approval by the Hellenic Competition Commission, and the attainment of all other approvals and permits required by law.

The Company will provide update to the investment community in relation to the development of the transaction with subsequent announcements or through the interim and the yearly financial reports.

Maroussi, 9 September 2022

The Board of Directors

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that it entered into a Sale-Purchase Agreement for the acquisition of all shares issued by the company under the legal name ELIN VERD S.A. for a total consideration amount of Euro 15.4 million.

ELIN VERD S.A. was founded in the year 2005 and engages in the production and trade of biofuels. The company is in possession of a biodiesel production plant located at the B’ Industrial Area of Volos. Moreover, ELIN VERD S.A. has its own company (PRASINO LADI S.A.) which engages in the collection of used cooking oil and is the market sector leader.

The completion of the transaction is subject to certain conditions precedent to be fulfilled, inter alia, its approval by the Hellenic Competition Authority. MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. will provide update to the investment community in relation to the development of the transaction with subsequent announcements or through the interim and the yearly financial reports.

Maroussi, 30 August 2022

The Board of Directors

 

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that the financial results of H1 2022 will be released after the close of business on Tuesday August 30^rd, 2022 while a teleconference has been scheduled for Wednesday August 31^st, 2022 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 30^rd, 2022.

Maroussi, 18 August 2022

The Board of Directors