HELLENIC PETROLEUM IN THE CAPITAL MARKETS
Main Information

HELLENIC PETROLEUM’s shares are traded in the General Category (Main Market) on the Athens Stock Exchange (ATHEX: ΕLPΕ) and the London Stock Exchange (LSE: HLPD), through Global Depositary Receipts (GDRs) while its two bond issues are listed on the Luxembourg Stock Exchange.

The Company’s share capital amounts to €666,284,703.30 divided into 305,635,185 shares with a nominal value of €2.18 each. The Company’s shareholders’ rights, arising out of their shares, are proportionate to the percentage of capital corresponding to the paid-in-share value. All shares have the same rights and obligations arising from the Law and the Company’s Articles of Association. The liability of the Company’s shareholders is limited to the nominal value of the shares they own.

HELLENIC PETROLEUM’s shares participate, with a significant weighting, in the ASE General Index and the FTSE/ΧΑ Large Cap Index, as well as a number of other indices such as the FTSE/ ASE Oil-Gas Index, the FTSE/Med 100, the Greece – Turkey 30 Index and the Global X FTSE Greece 20 ETF.

Share Ticker:
OASIS ELPE
Reuters HEPr.AT
Bloomberg ELPE:GA

HELLENIC PETROLEUM is the largest independent Greek Eurobond issuer

Share price development

In 2019, the ASE General Index showed a noticeable increase of 49.5% versus 2018, as confidence in the domestic economy and banking system accelerated and bond yields declined significantly, while the economic recovery continued above the Eurozone average. In the same context, the FTSE/ASE Large Cap was up by 42.9%, while HELPE’s share recorded an increase of 18.8%, closing at €8.77 on 31.12.2019.

Share Price Data, Fiscal Year 2019
Average Price € 8.45
Lowest Price € 7.30
Highest Price € 9.55
Average daily trading volume (no. of shares) 87,760
0.00 / share
Total dividend
Analyst coverage

The number of Greek and international brokerage firms covering HELLENIC PETROLEUM on the 31st of December 2019 amounted to nine firms.

Greek Firms

  • Alpha Finance
  • Axia Ventures
  • Eurobank Equities
  • Optima Bank
  • NBG Securities
  • Pantelakis Securities

International Firms

  • Wood Company
  • UBS
  • Edison

Dividend Policy

On 8 November 2019, the Board of Directors of HELLENIC PETROLEUM decided to distribute an interim dividend of €0.25/share and proposed the distribution of a final dividend of €0.25/share, resulting in a proposed total dividend for the FY 2019 of €0.50/share.

0 million
Total dividend
Shareholding structure

Changes in the company's shareholding structure in 2019 were not significant, with the increase in participation of Greek Institutional investors as key trend. The shareholder structure as of 31/12/2019 was as follows:

OWNERSHIP STRUCTURE
Shareholder Number of shares % Participation
Paneuropean Oil & Industrial Holdings S.A. 138,971,359 45.5%
Hellenic Republic Asset Development Fund 108,430,304 35.5%
Greek Institutional Investors 18,989,758 5.6%
International Institutional Investors 17,634,098 5.8%
Retail Investors 23,609,666 7.7%
TOTAL NUMBER OF SHARES 305,635,185 100%
0% 0% 0% 0% 0%
Eurobond issue

Since 2013, the Group has raised more than €2.1 billion through the issue of five internationally traded bonds, making it the largest independent Greek issuer.

On October 4, the Group, through Hellenic Petroleum Finance plc, proceeded with the issuance of a new five-year Eurobond of €500 million, with an interest rate of 2%, combined with the partial refinancing of its 2021 notes through a tender offer. Total order book exceeded €1.4 billion, with new investors (national and international) over and above the tender oversubscribing by approximately 5 times.

The key features of the two bonds, issued by Hellenic Petroleum Finance plc and guaranteed by HELLENIC PETROLEUM S.A. outstanding, on 31 December 2019 on the Luxembourg Stock Exchange, are presented in the table below:

Issue Date Maturity Currency Issue Amount (m) Coupon (ISIN)
04.10.2019 04.10.2024 EUR 500 2.00% XS2060691719
14.10.2016 14.10.2021 EUR 450 4.88% XS1500377517
Investor Relations Services

The Company seeks to fully and fairly inform its shareholders and bondholders both in Greece and internationally, through a variety of events and initiatives, such as:

  • Quarterly reports outlining business activities and financial results (press releases, presentations, teleconferences, internet)
  • Annual Report, BoD’s interim and annual Financial Report
  • Teleconferences enabling investors/analysts to receive further information on the Group’s activities
  • Regular contacts and meetings with analysts and fund managers
  • Attending roadshows and investor conferences both in Greece and abroad
  • Regularly updating the Company’s website concerning basic industry performance indicators which affect the Company’s financial performance

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