OTE: A new program for the acquisition of own shares was approved by the EGS

A new Program for the Acquisition of Own Shares lasting 24 months and the cancellation of 8,638,512 treasury shares acquired by the company within the approved program for the acquisition of own shares, with a corresponding reduction of its share capital, was approved by today’s Extraordinary General Meeting of OTE A shareholders. Ε.

The EGS was held by teleconference, with the participation of shareholders representing 83.73% of the paid-up share capital (after the deduction of the Company’s own shares), as announced by the company.

The items on the agenda were discussed during the Assembly, which were approved by the Assembly by a majority. In particular the General Assembly:

1. Approved a new Program for the Acquisition of Own Shares lasting 24 months in accordance with article 49 of Law 4548/2018, which will be executed as part (ie in addition to the payment of dividends) of the Remuneration Policy to the Shareholders.

2. Approved, in accordance with article 49 of Law 4548/2018, the cancellation of 8,638,512 treasury shares acquired by the Company under the approved program for the acquisition of treasury shares, with a corresponding reduction of its share capital by the amount of € 24,446 .988,96 and relevant amendment of article 5 (Share Capital) of the Company’s Articles of Association.

3. Approved the amendment of articles 2 (Purpose), 9 (Election, Composition and Term of office of the Board of Directors), 10 (Composition and Functioning of the Board of Directors) and 14 (Prohibition of Competition) of the Company’s Articles of Association.

4. Approved the review of the Political Suitability of the members of the Board of Directors of OTE SA.

5. Approved the signing of a confidentiality agreement between OTE SA. and the “Deloitte Certified Public Accountants Societe Anonyme” (Deloitte) in preparation for the transition to a new chartered accountant for the year 2022.

Also, at the General Meeting of Shareholders it was announced that the Board of Directors elected on 14-10-2021 Mr. Rodrigo Francisco Diehl as a new non-executive member of the Board, replacing the resigned non-executive member Mr. Michael Wilkens, for the rest of the of this term, ie until the date of the Ordinary General Meeting of Shareholders of the year 2024.

Finally, the independent members of the Board of Directors submitted their report to the General Meeting, in accordance with par. 5, article 9, of Law 4706/2020.

The detailed results of the voting on the issues of the agenda will be published within five (5) days, according to the current legislation.