Piraeus, 07 October 2021
Notification of significant change of voting rights pursuant
to Law 3556/2007
Piraeus Port Authority S.A. (hereinafter referred to as “PPA S.A.”), pursuant to the provisions of Law 3556/2007, announces as follows the notification received from the Hellenic Republic/Ministry of Finance/General Secretariat of Economic Policy/Unit of Privatizations, Securities Management and Operational Planning:
- Corporate name of person subject to the notification obligation: The Hellenic Republic
- Corporate name of shareholder: Hellenic Republic Asset Development Fund S.A. (hereinafter, “HRADF S.A.”).
Following the execution of an over-the-counter transaction, which took place on October 6, 2021, the percentage of voting rights in PPA S.A. directly held by HRADF S.A. has fallen from 23,1378% to 7,1378%.
The total (100%) of the shares in HRADF S.A. is owned by EESYP S.A, which is 100% controlled by the Greek State. The change of the indirect percentage of participation of the Greek State in the share capital of PPA S.A. is due to the transfer from HRADF S.A. of 4,000,000 common registered voting shares (percentage 16%) to COSCO SHIPPING HK. The transfer is attributed to an amended Share Purchase Agreement following ratification of the amendment of the Concession Agreement (Law 4838/2021, Government Gazette 180A/ 01.10.2021).