Resolution for the Acquisition of the Company's Own Shares
(Share Buy-back Programme)
OPAP S.A. announces to the investment community that, according to the provisions of articles 49 and 50 of Law 4548/2018 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 held on 17.06.2021 resolved and set the details for the acquisition, either directly or indirectly, of own shares of the Company, through the Athens Exchange, up to a maximum nominal amount that corresponds to up to five per cent (5%) of the total paid up share capital of the Company, namely up to 17,071,319 shares. The acquisition of the Company's own shares shall be executed within the time limit of twenty four (24) months provided for by the Law, as from the date of the resolution of the Annual Ordinary General Assembly, namely from 17.06.2021 to 16.06.2023, provided that on a case by case basis the acquisitions 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, for all the scopes and uses permitted by the applicable legislation. Pursuant to the resolution of the Annual Ordinary General Assembly, the maximum purchase price of the Company's own shares shall be seventeen Euros (euro 17) per share and the minimum purchase price of the Company's own shares shall be equivalent to the nominal value of the share, i.e., thirty eurocents (euro 0.30) per share.
It is noted that the Share Buy-back Program approved by the Shareholders' Annual General Meeting dated 22.05.2019 ended on 21.05.2021.
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, 17.06.2021
OPAP S.A.