MOTOR OIL (GREECE) CORINTH REFINERIES S.A. announces that the Annual Ordinary General Meeting held on June 17, 2026, approved the Company’s share buyback program in accordance with Article 49 of Law 4548/2018, as currently in force, and authorized the Board of Directors to take any relevant action pertaining to the procedural aspects of the program.
Specifically, the Meeting approved the purchase of up to 5,000,000 shares of the Company at a maximum price of 45 euros per share, a minimum price of 15 euros per share, and a program duration from July 1, 2026, through May 31, 2028.
The treasury shares to be acquired by the Company will be allocated to members of the Board of Directors, senior and executive management, and the Company’s employees and/or the employees of affiliated companies as defined in Article 32 of Law 4308/2014 to fulfill its obligations under approved share distribution programs in accordance with Articles 113 and 114 of Law 4548/2018.
In addition, any remaining shares will be offered through Euronext Athens (if deemed to be in the Company’s best interest) by resolution of the Board of Directors.