GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.

ΑNNOUNCEMENT REGARDING THE ACQUISITION OF THE COMPANY'S OWN SHARES

ΑNNOUNCEMENT REGARDING THE ACQUISITION OF THE COMPANY'S OWN SHARES

 

OPAP S.A. announces to the investment community that according to the provisions of article 16 par. 1 of the Codified Law 2190/1920 in conjunction with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council, on market abuse and of its supplementing Commission Delegated Regulation (EU) 2016/1052, with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures, the Annual Ordinary General Assembly of its shareholders that was held on 27.04.2017 decided and set the details for the acquisition  by the Company of its own shares, through the Athens Exchange, up to a percentage of 5% of the total paid up share capital of the Company, namely up to 15,950,000 shares. The acquisition of the Company's own shares shall be made provided that on a case by case basis are considered to be at the Company's own benefit, preferential to other available investment options and as long as the Company's cash flow allows for such acquisitions and for purposes provided for by the Regulation (EU) No 596/2014 of the European Parliament and of the Council, on market abuse and of its supplementing Commission Delegated Regulation (EU) 2016/1052, with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures. The proposed program for the acquisition of the Company's own shares shall be completed within twenty four months as from the date of the decision of the General Assembly, namely the latest by April 26, 2019 and will be implemented at a maximum acquisition price of 13.00 euros per share and a minimum acquisition price equal to the nominal value price of each share, i.e. 0.30 euros per share.

Furthermore, the Company's Board of Directors was authorized to determine the specific terms and details for the implementation of the program for the acquisition of the Company's own shares.

 

ATHENS, 28.04.2017

OPAP S.A.