Announcement
PPC S.A. announces that, its Board of Directors in its meeting held on 23.05.2018 decided:
- the spin-off of two lignite-fired generation Segments of PPC S.A. and the related assets, liabilities and human resources, under Law 4533/2018 and Laws 2166/1993 and 2190/1920 as in effect, the approval of all actions insofar concerning the above mentioned spin - off, as well as the acceptance of 13,200,000 new registered shares issued by the company to be incorporated under the trade name 'MELITI LIGNITE ENERGIAKI SOCIETE ANONYME', of a nominal value of € 4.00 each, and of the 24,782,500 new registered shares issued by the company to be incorporated under the trade name 'MEGALOPOLI LIGNITE ENERGIAKI SOCIETE ANONYME', of a nominal value of € 4.00 each, which grant to the contributing company, PPC S.A., the right to participate in the profits, in return for the aforementioned spin-off and contribution of each Segment.
- the 23.05.2018 Executive Summaries of the Board of Directors to the Shareholders' Meeting of PPC for the Draft Spin - Off Terms.
Athens, May 24, 2018
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Public Power Corporation SA published this content on 24 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2018 08:52:07 UTC