GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.

Final Agreement between OPAP and Agents Federation

A new age for OPAP and its more than 5000 Agents begins with a new contractual agreement that defines the relationship between the two parties. Under this agreement both parties' mutual long term interests are protected under any circumstances.
The final text of the contract was finalized last week, following three months of intense discussions between Mr. Christos Hadjiemmanuil, OPAP's Chairman & CEO and Mr. Kimonas Klonaris, Chairman of Agents Federation.
The negotiations took place in three stages. In the first two, both parties submitted proposals to discuss and in the third and final stage four consecutive drafts of the final text were reviewed.
In order to complete this effort, a final legal review and a detailed rephrasing are expected in order to accurately document the final agreement. Also, it should be examined whether the full implementation of the new contractual agreement requires certain amendments of the existing agent's operational framework.
Concerning the unique look and the renovation of the agent network, OPAP's intention is to immediately commence special cooperation with the Agents Federation starting from a zero base.
Also, it has been agreed that this summer specific negotiations will take place in order to potentially come to an agreement on a new calculation method of the agents fee.