Update on settlements plan

ANNOUNCEMENT

 

Update on settlements plan

 

PPCS.A.clarifies that, in cases where its customers do not proactively come to settle their overdue bills, but only do so after the Company proceeds with a power cut, in order for the customers to be reconnected, they will need to pay 30% of the amount due and settle the remaining in maximum 8 installments. The Company having exercised all its goodwill, will include these customers in its plan which provides a 15% discount, as long as they pay on time onwards.

Share buyback

Hellenic Exchanges- Athens Stock Exchange (ATHEX) informs investors that, based on §4 article 4 of the European Commission Regulation 2273/2003, and in implementation of the decision of the Annual General Meeting of shareholders of the Company of 20.5.2015, it purchased own shares; in particular, on 12.08.2016, 11,000 own shares were purchased, at an average price of EUR4.26 per share, and total transaction cost of EUR46,853.31

Announcement of regulated information according to Law 3556/2007

The company Minoan Lines S.A. announces that the legal entity (Grimaldi Euromed S.p.A) associated with Mr Emanuele G. Grimaldi Chairman of Minoan Lines BoD (Liable person according to the article 13 of L. 3340/2005) on August 10th 2016 bought 200 Minoan Lines ordinary shares of a total value of € 480.00. The aforementioned announcement is in accordance with L. 3556/2007 (art.3 and 21) and in combination with the resolution of the H.C.M.C. 1/434/3.7.2007 (Art. 11).

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