Release of Regulated Information pursuant to Law 3556/2007
Release of Regulated Information pursuant to Law 3556/2007
Public Power Corporation (PPC) S.A. announces, pursuant to L3556/2007 and following relative notification received on September 13th, 2012, the transfer from the Hellenic Republic of the voting rights of 39,440,000 shares of PPC (namely 17.000%) to the Hellenic Republic Asset Development Fund (HRADF) S.A.; such transfer is effected in accordance with the voting rights transfer agreement between HRADF S.A. and the Hellenic Republic by virtue of the Decision no 206/2012 (National Gazette 1363) of the Inter-Ministerial Committee for Asset Restructuring and Privatizations (ICARP) and paragraphs 4 and 5 of L.3986/2011 on Emergency Measures for the Implementation of the Medium-term Fiscal Strategy Framework 2012-2015 (National Gazette 152/A).
The change in the voting rights resulted following execution of an over the counter transaction, pursuant to the provisions of paragraphs 4 and 5 of article 2 of L3986/2011 concerning ‘'Emergency Measures for Implementation of the Medium-Term Fiscal Strategy Framework 2012-2015'' (Government Gazette 152/A) and of the Decision no 206/2012 (Government Gazette) of the Inter-Ministerial Committee on Asset Restructuring and Privatizations (ICARP).
It is noted that, following the above change, the percentage of theHellenicRepublicon the voting rights of PPC shares is 34.123% and the respective percentage of HRADF is 17.000%. By controlling 100% of the HRADF, theHellenicRepublicindirectly controls the abovementioned voting rights.
Athens, September 14th ,2012