Results

Motor Oil (Hellas) Corinth Refineries SA

11/16/2020 | Press release | Distributed by Public on 11/16/2020 02:07

Lowering of the participation of the subsidiary IREON INVESTMENTS LTD in OPTIMA BANK S.A. below the 50% threshold.

16 Nov 2020

Lowering of the participation of the subsidiary IREON INVESTMENTS LTD in OPTIMA BANK S.A. below the 50% threshold.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. hereby announces that its Cyprus based subsidiary IREON INVESTMENTS LTD transferred 366,836 shares of OPTIMA BANK S.A. at a price of Euro 18.35 per share to third parties.

The above number of 366,836 shares correspondsto 9.75% of the share capital of OPTIMA BANK S.A.

Following the above, the participation of IREON INVESTMENTS LTD in OPTIMA BANK S.A. reducedto 45.91%.

It is noted that the transfer of an additional percentage of 3% (112,873 shares at a price of Euro 18.35 per share) is pendingapproval by the competent authorities which, if granted, will result in the reduction of IREON INVESTMENTSLTD participation in OPTIMA BANK S.A. to 42.91%

Maroussi, 12 November 2020

The Board of Directors