Public Power S A : Announcement - Regulated Information according to L. 3556/2007
May 02, 2024 at 11:34 am EDT
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Announcement - Regulated information
May 2, 2024
Announcement - Regulated Information according to L. 3556/2007
Public Power Corporation S.A. ("PPC") announces that, according to the provisions of L. 3556/2007 and the relevant notification received on 30.04.2024 by CVC Capital Partners SICAV - FIS S.A. (SIF), due to the internal reorganization of CVC, SIF and its controlled entities:
Vision 2013 PCC (previously CVC Capital Partners 2013 PCC);
have ceased to control, directly or indirectly the following companies:
CVC Capital Partners Strategic Opportunities II Limited (CVC Capital Partners SO)
Miletus Holdings Jersey Limited (Miletus Holdings) and
Selath Holdings S.à r.l. (Selath), which directly holds 38,200,000 PPC shares which corresponds to 10% of its voting rights.
Due to the above SIF and its controlled entities mentioned above have ceased to hold PPC's voting rights.
Additionally, PPC announces that, according to the provisions of L. 3556/2007 and the relevant notification received on 30.04.2024 by CVC Capital Partners plc (CVC plc), as a result of the abovementionned internal reorganization of CVC, CVC plc, through its wholly owned subsidiaries:
CVC Management Holdings II Ltd and
CVC Capital Partners Fund Holdings II Ltd has acquired indirect control over:
CVC Capital Partners SO, which is the general partner and controls the exercise of all voting rights that each of the below mentioned funds holds in Miletus Holdings: CVC Capital Partners Strategic Opportunities II L.P., CVC Capital Partners Strategic Opportunities II Associates L.P. and CVC Investment Strategic Opportunities II L.P.. The above mentioned entities hold 100% of Miletus Holdings
and
Miletus Holdings, which directly controls Selath which directly holds 38,200,000 PPC shares that corresponds to 10% of its voting rights.
Hence, CVC Plc, CVC Management Holdings II Ltd and CVC Capital Partners Fund Holdings II Ltd have indirectly acquired 10% of PPC's voting rights.
The announcement may be accessed on the website of Public Power Corporation S.A. (www.ppcgroup.com) at the "Investors Relations" section.
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Public Power Corporation SA published this content on
02 May 2024 and is solely responsible for the information contained therein. Distributed by
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02 May 2024 15:33:01 UTC.
Public Power Corporation S.A. is Greece's only electricity distributor, and the group is also the leading Greek electricity producer. Net sales break down by activity as follows:
- electricity sale and production (87.9%): 26 TWh produced in 2021. At the end of 2021, the group owns thermal and hydroelectric power plants, as well as renewable energy production facilities with a total installed capacity of 10.4 GW;
- electricity transmission and distribution (4.9%): owned a network of over 244,000 km of electricity distribution lines;
- other (7.2%).
Greece accounts for 99.7% of net sales.