Cenergy Holdings announces that, on 16 September 2026, its Board of Directors approved a share buyback program on Euronext Athens, for a maximum of 435,000 shares of the Company, to be acquired from time to time in one or more transactions, as required, and for a maximum total amount of €10 million, which will be executed within the next twenty-four (24) months.
The share buyback program will be implemented in accordance with industry best practices and in compliance with the applicable share buyback rules and regulations. For this purpose, an independent financial intermediary will be appointed for the buyback with a mandate to act at its discretion. The exact timing of the share buyback under the program will depend on various factors, including market conditions.
During the share buyback program, the Company will regularly publish press releases with updates regarding the progress made (if any) as required by applicable legislation. This information will also be available on the Company's website in the “Investors” section (https://cenergyholdings.com/el/investors/).
The Company's current intention is to retain the shares acquired as treasury shares in order to allow the granting of share-based remuneration based on predetermined targets, as defined in the Company's approved remuneration policy. The program will be executed in accordance with the authorities granted at the General Meeting of Shareholders on 28 May 2024 and Article 7a of the Articles of Association.