Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.

(OPAP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Greek Organisation of Football Prognostics S A : Commencement of trading of shares resulted from extra-ordinary share capital increase following reinvestment of the dividend for the financial year 2020

08/02/2021 | 11:02am EDT

Commencement of trading of shares resulted from extra-ordinary share capital increase

following reinvestment of the dividend for the financial year 2020

ΟPAP S.A. (the "Company") announces to the public that by virtue of the decision of the Board of Directors of the Company dated 17 June 2021, the share capital increase of the Company was decided in the context of the program for the reinvestment of the dividend for the financial year 2020, following the granting of relevant authorization by the Annual General Meeting of the Shareholders of 22 May 2019 in accordance with article 24 par. 1 b) of Greek law 4548/2018 for the implementation of the approved by the above General Meeting dividend reinvestment program of a five-year duration (2019 - 2023).

Following the above, the Board of Directors of the Company at its meeting dated 30 July 2021 decided the issuance of nine million seven hundred twenty nine thousand five hundred sixty six (9,729,566) new ordinary, registered, voting shares, of nominal value of 0.30 euro each, which resulted from the partial subscription of the share capital increase from the reinvestment of the dividend for the financial year 2020. The shares issued as per the above are granted to the beneficiaries who participated in the reinvestment of the aforementioned dividend, with an issue price equal to the volume weighted average price (VWAP) of the first five (5) trading days of the period for the exercise of the dividend reinvestment right by the beneficiaries shareholders (namely from 15.07.2021 up to and including 21.07.2021), reduced by a percentage of 3% (discount percentage). On the basis of the above, the issue price of the new shares was defined at 11.14 euro. It is reminded that the beneficiaries of the dividend for the financial year 2020 are the shareholders of the Company who were registered in the DSS records on 14.07.2021.

In the context of the reinvestment of the dividend for the financial year 2020, the beneficiaries shareholders were notified through announcements uploaded on the websites of the Athens Stock Exchange ("ATHEX") and the Company on their aforementioned right, as well as on the time- period, the manner and the procedure for the exercise thereof. This right was exercised by 2,788 shareholders in total upon request to participate in the relevant program which resulted to the issuance in total of nine million seven hundred twenty nine thousand five hundred sixty six (9.729.566) new ordinary, registered, voting shares. As a result thereof, the share capital of the Company was increased by two million nine hundred eighteen thousand eight hundred sixty nine euro and eighty cents (€2,918,869.80) and amounts in total to one hundred five million three hundred forty six thousand seven hundred eighty five euro and ninety cents (€105,346,785.90), divided to three hundred fifty one million one hundred fifty five thousand nine hundred fifty three (351,155,953) shares of nominal value of 0.30 euro each.

On 13.06.2019, the decision of the Ministry of Economy & Development - General Secretariat of Commerce and Consumer Protection - General Secretariat of the Market - Directorate of Companies - Department of Supervision of Listed SAs & Sport SAs with prot. number 63019 (Ref. 55568) that was issued on the same date was registered in G.E.MI. with Registration Code Number 1764802, by virtue of which the granting of authorization to the Board of Directors of the Company under article 24 of Greek law 4548/2018 for the extra-ordinary share capital increase of the Company up to the amount of 50,000,000.00 euro, upon issuance of up to 160,000,000 new ordinary, registered, voting shares was approved, which was decided by the resolution of the Annual General Meeting of the Shareholders of the Company dated 22 May 2019, for the implementation of the general terms of the dividend reinvestment program of a five-year duration that was approved by the same resolution. On 01.07.2021, the decision of the Ministry of Development & Investments - General Secretariat of Commerce and Consumer Protection - General Secretariat of the Market - Directorate of Companies - Department of Supervision of

1

[Public]

Listed SAs & Sport SAs with protocol number 73506/01.07.2021 that was issued on the same date was registered in G.E.MI. with Registration Code Number 2574098, by virtue of which the following were approved a) the share capital increase of the Company of up to 7,800,000.00 euro, upon issuance of up to 26,000,000 new ordinary, registered, voting shares and b) the relevant amendment of article 5 of the articles of association of the Company (entitled "Share Capital - Shareholders"), which were decided by the Board of Directors of the Company at its resolution dated 17 June 2021. Finally, on 30.07.2021, the resolution of the Board of Directors of the Company of the same date was submitted to G.E.MI., by virtue of which a) it was attested that the verification of the payment of the amount of two million nine hundred eighteen thousand eight hundred sixty nine euro and eighty cents (€2,918,869.80) made by set-off has taken place, in accordance with article 20 paras. 4, 6 and 7 and article 28 of Greek law 4548/2018, which constitutes part of the extra-ordinary share capital increase of the Company which was decided by the Board of Directors of the Company at its resolution dated 17 June 2021, and b) the adjustment of article 5 of the articles of association of the Company on share capital was approved, as per the above.

The Corporate Actions Committee of ATHEX at its resolution dated 02.08.2021 approved the admission to trading of the aforementioned new shares of the Company.

Following the above, the admission to trading on ATHEX of nine million seven hundred twenty nine thousand five hundred sixty six (9.729.566) new ordinary, registered, voting shares of the Company takes place on 3 August 2021. On the same date, these shares will be registered to the ATHEXCSD records and the DSS shares and accounts declared by the aforementioned beneficiaries, as provided by the law, while the value of the shares of the Company will be determined in accordance with ATHEX Rulebook and the resolution no. 26 of the Board of Directors of ATHEX, as amended and in force.

For more information, the interested parties may be informed through the relevant document that is available in electronic form on the website of ATHEX and the website of the Company (www.opap.gr) and they may also contact during working days and hours the Investor Relations department at the offices of the Company in Athens, at 112, Athinon Avenue, p.c. 104 42 (contact number 210-5798930).

Athens, 2 August 2021

OPAP S.A.

2

[Public]

Disclaimer

OPAP SA - Greek Organisation of Football Prognostics published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 15:01:08 UTC.


ę Publicnow 2021
All news about GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.
09/16PAME STOIXIMA : Over 15 million Euros in winnings handed out last week
PU
09/09GREEK ORGANISATION OF FOOTBALL PROGN : Information Document - Pursuant to article 1 par. 4..
PU
09/09PAME STOIXIMA : Over 11 million Euros in winnings handed out last week
PU
09/08GREEK ORGANISATION OF FOOTBALL PROGN : Announcement of the detachment of the right to the ..
PU
09/08GREEK ORGANISATION OF FOOTBALL PROGN : Update of 2021 financial Calendar
PU
09/08GREEK ORGANISATION OF FOOTBALL PROGN : OPAP SA - H1 2021 Financial Results - Press Release
PU
09/08Greek Organization of Football Prognostics S.A. Reports Earnings Results for the Second..
CI
09/02PAME STOIXIMA : Over 56 million Euros in winnings handed out in August
PU
08/26PAME STOIXIMA : Over 13 million Euros in winnings handed out last week
PU
08/19PAME STOIXIMA : Over 8 million Euros in winnings handed out last week
PU
More news
Analyst Recommendations on GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.
More recommendations
Financials
Sales 2021 1 613 M 1 891 M 1 891 M
Net income 2021 280 M 328 M 328 M
Net Debt 2021 352 M 412 M 412 M
P/E ratio 2021 15,4x
Yield 2021 7,42%
Capitalization 4 664 M 5 461 M 5 465 M
EV / Sales 2021 3,11x
EV / Sales 2022 2,57x
Nbr of Employees 1 470
Free-Float 56,9%
Chart GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.
Duration : Period :
Greek Organisation of Football Prognostics S.A. Technical Analysis Chart | OPAP | GRS419003009 | MarketScreener
Technical analysis trends GREEK ORGANISATION OF FOOTBALL PROGNOSTICS S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 13,35 €
Average target price 15,55 €
Spread / Average Target 16,5%
EPS Revisions
Managers and Directors
Jan Karas Chief Executive Officer & COO-Retail
Pavel Mucha Chief Financial Officer & Executive Director
Kamil Ziegler Executive Chairman
Michele Fusella Chief Technology Officer
Igor Milos Rusek Independent Non-Executive Director