Press release of Stock Markets Steering Committee of Hellenic Exchanges - Athens Stock Exchange


 

June 6, 2017

 

Stock Markets Steering Committee of Hellenic Exchanges
Athens Stock Exchanges


The Athens Stock Exchange, during today's session of its Stock Markets Steering Committee, was informed of the share capital decrease of PUBLIC POWER CORPORATION S.A. (‘PPC'), following the decrease in the par value of the shares of the company from €4.60 to €2.48 per share and the capital return through distribution in kind of the shares of the newly formed company IPTO HOLDING S.A. to PPC's shareholders, with a percentage holding equal to their participation in the share capital of PPC (ratio 1:1).

The ex-date of the aforementioned corporate action is Thursday, June 15th, 2017 and the record date is Friday, June 16th, 2017.

As of the ex-date (Thursday, June 15th, 2017), the trading of the shares of PPC will temporarily be suspended. Resumption of trading for PPC with the new par value will coincide with the first day of trading of IPTO HOLDING S.A. on ATHEX, which will be announced after the approval of its listing on ATHEX. It is noted that during the first day of trading of PPC shares after their suspension, there will be no daily price fluctuation limits.

Also, the Stock Markets Steering Committee of Hellenic Exchanges, during today's session approved:

The deletion of the derivative products "Stock Futures" and "Stock Options" on the stocks of the aforementioned Company, due to article 2.6.12 of the ATHEX Rulebook, with application at the end of the trading session of 9/6/2017, and

The suspension of trading and forced positions exercise of the "Stock Lending Products" on the stocks of the aforementioned Company, due to the article 2.6.13 of the ATHEX Rulebook, with application on 8/6/2017

The handling details are presented at the table.


 

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About Athens Exchange Group

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatives markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.

110 Athinon Ave. 10442 Athens, Greece, tel +30-210 3366 800, fax +30 210-3366 101