GEK Terna Real Estate Construction : Purchase of GEK TERNA's Shares
October 05, 2017 at 10:40 am EDT
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Athens, October 5, 2017
Announcement
GEK TERNA S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 27.06.2016 and the Decision of the Board of Directors dated 27.06.2016, proceeded on October 4, 2017 through the member of the A.S.E. BETA Securities, with the purchase of 9,262 GEK TERNA's shares at an average price of 3.9197 euros per share and at a total transaction value of 36,304.42 euros.
GEK Terna Holding Real Estate Construction SA published this content on 05 October 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 October 2017 14:39:08 UTC.
Original documenthttp://www.gekterna.com/userfiles/PressReleases/announcements/en/2017/announcement_gekterna_05-10-2017_en.pdf
Public permalinkhttp://www.publicnow.com/view/4660E2838E4B926EF174AFD90B1662AB95448D14
GEK TERNA Holdings, Real Estate, Construction S.A. is a holding company organized around 5 areas of activity:
- electricity production (73,1% of net sales): from renewable energies and from natural gas ;
- infrastructure construction (21.3%): power plants, highways, etc.;
- infrastructure management under concession agreements (5.1%): highways, parking lots, etc.;
- production of industrial facilities and construction materials (0.4%): pylons, struts, wood constructions, cements, etc. ;
- real estate development and property management (0.1%).
Net sales are distributed geographically as follows: Greece (93.2%), Balkans (5.3%), Eastern Europe (0.8%) and others (0.7%).