Special permission of the Board of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. to its subsidiary IREON INVESTMENTS LTD to proceed with transactions with related parties pursuant to articles 99-101 of the Law 4548/2018.
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. (The Company) hereby announces that its Board of Directors in its meeting dated 4 November 2020 decided to grant a special permission allowing its subsidiary IREON INVESTMENTS LTD (the Seller) to proceed with a sale of 263,369 of OPTIMA BANK S.A. shares at a price of Euro 18.35 per share. The said 263,369 shares correspond to 7% of the share capital of OPTIMA BANK S.A. and the buyers will be related to MOTOR OIL (HELLAS) S.A. CORINTH REFINERIES S.A. parties, as these parties are defined in the articles 99 until 101 of the Law 4548/2018.