OTE SA schedules 73rd Ordinary General Meeting for June 23

ATHENS - Hellenic Telecommunications Organization SA (OTE SA) announced its 73rd Ordinary General Meeting will take place on Monday, June 23, 2025, at 14:00 (GMT+2 hours). The meeting will be conducted in a hybrid format, enabling shareholders to either attend in person at the company’s headquarters in Maroussi or participate remotely via teleconference.

The agenda for the meeting includes the approval of the 2024 fiscal year financial statements and the distribution of annual profits. Shareholders will also review and approve the management and auditors’ reports for the same period. Another key item on the agenda is the appointment of an audit firm for the statutory audit of the 2025 fiscal year financial statements and for the assurance of OTE SA’s Sustainability Statement for 2025.

Additionally, proposed amendments to the company’s Articles of Incorporation will be discussed, along with the approval of the remuneration policy and the final determination of remuneration for the Board of Directors for both the 2024 and 2025 fiscal years.

The General Meeting will address the approval of variable remuneration for executive members of the Board of Directors and the Managing Director for the fiscal year 2024. Approval of profit distribution to executives and a remuneration report for the Board of Directors for the fiscal year 2024 are also on the agenda.

A new incentive plan linked to the company’s shares for 2025 will be considered, as well as the approval of a Draft Demerger Plan related to OTE SA’s passive mobile infrastructure business. Furthermore, the meeting will cover the cancellation of over 8.8 million own shares purchased under the approved share buy-back program and the approval of a new Own Share Buyback Program.

The shareholders will be informed of any conflict of interest cases and agreements related to related party transactions from the fiscal year 2024. Reports from the independent members of the Board of Directors will also be submitted to the shareholders.

If the required quorum is not met on June 23, a Repetitive General Meeting is scheduled for Wednesday, July 9, 2025, at the same time.

Shareholders registered in the Dematerialized Securities System as of June 18, 2025, will be eligible to participate and vote in the General Meeting. Detailed procedures for remote participation, postal voting, and proxy voting are provided to ensure shareholder engagement.

This news is based on a press release statement issued by OTE SA.

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