GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.

Repayment and Termination of trading of Bond Loan / Sixth Interest Payment Period of the Common Bond Loan

Repayment and Termination of trading of Bond Loan

Sixth Interest Payment Period of the Common Bond Loan

 

 

The “ORGANIZATION OF FOOTBALL PROGNOSTICS S.A.” (the “Company”), following its announcement dated 31 January 2020, regarding its decision to prepay the total nominal value of the bonds issued and disposed through a public offer, pursuant to the Bond Loan Program dated 08.03.2017 of up to euro 200,000,000 and the Bondholder Agency Agreement (the "Program"), informs the investors that Wednesday 18 March 2020 is the last trading day on the Athens Exchange, of the aforementioned bonds of the Company.

 

According to the terms of the dated 21.03.2017 common bond loan (the “Bond Loan”) issued by “Greek Organisation of Football Prognostics S.A.”, Friday the 20th of March 2020 is set as the record date for the beneficiaries. As part of the prepayment and as provided for in the Program, on Monday, March 23, 2020 the following amounts shall be paid: a) the total nominal value of the bonds, i.e. euro 1,000 per bond; and (b) the accrued interest up to 23 March 2020 for the 6th Interest Payment Period, namely from 23.09.2019 up until 23.03.2020. The gross interest amount for the sixth Interest Payment Period, which corresponds to 200,000 bonds currently traded on the Athens Exchange, is euro 3,538,888.89 i.e. euro 17. 694444 per bond and has been calculated at an annual interest rate of 3.50% (before tax). Therefore, for each bond with a nominal value of euro 1,000, the bondholder will receive a total gross amount of euro 1,017.694444 analyzed as follows: euro 1,000 nominal value and euro 17.694444 gross interest payment.


The payment of the accrued amounts to the bondholders will take place through the “Hellenic Central Securities Depositary S.A.” (ATHEXCSD) on Monday the 23rd of March 2020 as follows:

 

  1. Through the operators of the beneficiaries in the Dematerialized Security System (Banks and Securities firms) for the bondholders who have authorized their operators for the collection, according to the D.S.S.'s Operations Regulation and ATHEXCSD's relevant resolutions.
  2. For bondholders that have recalled the authorization of receiving cash payouts from their Operators or are unable to collect the amounts due via the abovementioned method, payment will take place through ATHEXCSD either through their offices (110, Athinon Avenue) on working days from 9.00 to 16.00 or via a deposit in a bank account indicated by the bondholders to ATHEXCSD by a relevant written notice as per the relative Regulation and decisions by the ATHEXCSD.

 

It is hereby clarified that according to the applicable current legislation the right to collect interest amount disperses if not collected within the time limit of five (5) years from the end of the year that the corresponding right was born and that following such time bar any relevant amount shall be reimbursed to the Hellenic Republic.

 

ATHENS, 11.03.2020

OPAP S.A.