Piraeus Financial S A : Announcement for the free distribution of own shares of Piraeus Financial Holdings
December 01, 2023 at 12:15 pm EST
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Announcement for the free distribution of own shares of
Piraeus Financial Holdings
"Piraeus Financial Holdings S.A." (hereinafter the "Company") informs the investment community that, in implementation of the decision of the Annual General Meeting of the shareholders of the Company dated 27.06.2023 and of the respective delegated resolution of the Board of Directors dated 16.11.2023 for the approval of the Terms of a Free Distribution of Company's Shares Plan to executives and employees of the Company and its affiliated companies (the "Beneficiaries"), 1,307,585 in total own, common registered voting shares of the Company were distributed free of charge to 137 Beneficiaries, under the applicable variable remuneration schemes ("Top Management Retention Scheme" and "Performance Incentive Scheme" for 2022), through over-the-counter transactions. The total value of the above shares amounted to €4,262,727.1, based on the closing price of €3.260 of the Company's share on 30.11.2023.
The above shares were acquired in the context of the Company's own share buyback program.
Beneficiaries who fall under the category of Material Risk Takers (MRTs) are subject to a retention obligation of such shares for a period of one year from the date of their acquisition.
After the aforementioned distribution, the Company owns a total of 3,975,419 own shares, which correspond to a percentage of 0.32% of its total shares.
Athens, 01 December 2023
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Piraeus Financial Holdings SA published this content on 01 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2023 17:14:18 UTC.
Piraeus Financial Holdings SA, formerly known as Piraeus Bank SA, is a Greece-based banking institute. It operates in the following main business segments: Retail Banking, Corporate Banking, Investment Banking, as well as Asset Management and Treasury. The Retail Banking segment includes the retail banking operations of the Bank and its subsidiaries, which are addressed to retail customers, as well as to small-medium companies, such as deposits, loans and letters of guarantee, among others. The Corporate Banking segment includes facilities related to corporate banking, provided by the Bank and its subsidiaries, addressed to maritime companies, such as syndicated loans, project financing and imports-exports, among others. The Investment Banking segment includes activities related to investment banking operations of the Bank and its subsidiaries, such as investment and advisory services, underwriting services and public listings, as well as stock exchange services, among others.
PIRAEUS FINANCIAL HOLDINGS S.A. 
