GEK TERNA S.A. is informing the investment community that, under its free share distribution program (Article 114 of Law 4548/2018) — approved by the Annual General Meeting of shareholders on June 20, 2023, and implemented pursuant to the Board of Directors’ resolution dated May 25, 2026 — the company proceeded on August 14, 2026, to distribute 1,112,500 treasury shares free of charge to forty-two (42) executives, following the achievement of the established performance indicators.
The above shares represent 0.9354% of the paid-up share capital and were allocated to eligible recipients subject to a two (2)-year lock-up period. The shares used for the program were drawn from the company’s existing treasury share portfolio and were transferred via an off-exchange transaction at the company’s closing share price of €43.96 on August 14, 2026.
Following the aforementioned distribution under the program, the treasury shares held directly and indirectly by the company are as follows:
Number of treasury shares held directly, before the transaction: 1,112,716, representing 0.9356% of share capital. Number of treasury shares held by subsidiary TERNA S.A. before the transaction: 645,231, representing 0.5425% of share capital. Number of treasury shares held by subsidiary ILIOCHORA S.A. before the transaction: 576,566, representing 0.4848% of share capital. Total number of treasury shares held directly and indirectly before the transaction: 2,334,513, representing 1.9628% of share capital.
Number of treasury shares held directly, after the transaction of August 14, 2026: 216, representing 0.0002% of share capital. The number of treasury shares held by subsidiaries remains unchanged. Total number of treasury shares held directly and indirectly after the transaction of August 14, 2026: 1,222,013, representing 1.0274% of share capital.
