Allwyn Results Presentation Deck
Q3 2023 key strategic developments
Greece and Cyprus: OPAP share buyback programme and end of scrip dividend option
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OPAP share buyback programme
Commencement of share buybacks
In September, OPAP's Board of Directors resolved to conduct a share buyback programme of up to €150m by the end of 2024, subject
to market and general economic conditions
- Expands OPAP shareholders' remuneration
- Share purchases commenced in October
- At 30 November 2023, OPAP had purchased own shares representing 0.2% of its total shares outstanding for €22m
Following these purchases, Allwyn's economic interest in OPAP (net of treasury shares) was 50.63% vs. 50.43% at the end of Q3'22
End of scrip dividend option
• Share buyback follows successful 5-year dividend reinvestment programme, which will not be renewed
i.e., Allwyn will receive all future dividends from OPAP in cash
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