The company EKTER S.A. informs the investing public that, in accordance with the resolution of the Ordinary General Meeting of Shareholders held on July 4th, 2025, it was decided, among other matters, to establish a Free Share Allocation Program, pursuant to Article 114 of Law 4548/2018, for executive members of the Board of Directors, senior executives, employees, as well as associates who provide services to the Company on a regular basis.
The key terms of the program are as follows:
- The program has a duration of five (5) years.
- The maximum number of shares to be allocated is 2,356,318, which corresponds to approximately 8.77% of the current share capital.
- The allocation will be carried out either through treasury shares or through the issuance of new shares via capitalization of reserves or profits.
- The method of allocation and the beneficiaries or categories thereof will be determined based on specific participation conditions and performance criteria, which will be specified by resolution of the Board of Directors.
- A minimum three-year holding period for the shares is established, along with provisions for cases of resignation, termination, or death, in order to ensure both corporate flexibility and fair treatment.
The above General Meeting authorized the Board of Directors to, at its discretion and in implementation of the said resolution: (a) determine or amend, by relevant resolution(s), the remaining and more specific terms of the Program; (b) carry out any necessary increase in the Company’s share capital under the aforementioned terms for the implementation of the Program, as well as perform any required legal acts, actions and formalities in accordance with corporate and capital markets legislation; and (c) regulate any other relevant term or detail not addressed or not fully addressed by the said resolution, pursuant to the provisions of the applicable legislation in force at the time.
For more information, the investing public may refer to the relevant minutes of the General Meeting, which are posted on the Company's website: www.ekter.gr