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Motor Oil: On 8/9 the EGS for the acquisition of 75% of the RES sector of Ellactor

An Extraordinary General Meeting of the shareholders of Motor Oil will be held on September 8, Thursday, with the sole item on the agenda being the approval of the transaction for the acquisition by the company of 75% of the Renewable Energy Sources branch of Ellactor from the 100% subsidiary under the name Motor Oil Renewable Energy.

In particular, as the company notes in a relevant announcement, Mr. Shareholders in an Extraordinary General Meeting, which will meet on September 8, 2022, Thursday at 10:00 a.m.

As the announcement states, among other things:

Following the decision of the Board of Directors dated 08.08.2022 and in accordance with the Law and the Articles of Association, the Shareholders of MOTOR OIL (GREECE) CORINTH REFINERY S.A. are invited. in an Extraordinary General Meeting on September 8, 2022, Thursday at 10:00 a.m. at the NJV Athens Plaza Hotel, on Vasileos Georgiou A’ Street number 2, PO Box 105 64, Syntagma Square of the Municipality of Athens, to discuss and take decisions on the unique agenda item:

Approval (a) of transaction between “MOTOR OIL RENEWABLE ENERGY MONOPROSOPI S.A.” and the company “ELLAKTOR SA” for the acquisition of 75% of the Renewable Energy Sources branch of ELLAKTOR SA. from the 100% subsidiary company with the name “MOTOR OIL RENEWABLE ENERGY MONOPROSSOPI S.A.” and (b) signing the relevant draft Sales Agreement and the draft Shareholders’ Agreement between “MOTOR OIL RENEWABLE ENERGY MONOPROSSOPI S.A.” and “ELLAKTOR STOCK COMPANY”.

Only natural and legal persons who appear as shareholders of MOTOR OIL (HELLAS) CORINTH REFINERY S.A. have the right to participate and vote in the Extraordinary General Assembly. in the records of the organization “Hellenic Central Depository of Securities S.A.” (EL.K.A.T.) in which the Company’s securities are held, at the beginning of the fifth day (record date: Saturday 03 September 2022) preceding the meeting of the Extraordinary General Assembly. any legal means and in any case based on information received by the company from the central securities depository or through the participating and registered intermediaries in the central securities depository in any other case.

In order to participate and exercise the right to vote in the Extraordinary General Meeting, it is not necessary to freeze the beneficiary’s shares nor to observe any other similar procedure which limits the possibility of selling and transferring them during the period of time between the Record Date and the Extraordinary General Meeting.

In the event that the quorum required according to the Law and the Company’s Articles of Association is not reached and for this reason it is not possible to take decisions on the items on the agenda, the General Assembly will convene in a Repeated Assembly on Thursday, September 22, 2022 at 10:00 at the above NJV Athens Plaza Hotel (Vassileos Georgiou A’ number 2, Syntagma Square). The date of recording of the aforementioned Repetitive Meeting is Saturday, September 03, 2022.

Source: Capital

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