Announcement
Update on the use of funds raised through the €200m Common Bond Loan
OPAP S.A. informs the investment community, in accordance with the applicable legislation, that on Tuesday 26.03.2019 the Company’s Board of Directors convened and discussed, inter alia, the progress of implementation of the investments carried out through the proceeds of the Company’s common bond loan, amounting to €200m in total, the issuance of which was approved by virtue of the resolution of the Company’s Board of Directors dated 28.02.2017.
In particular, at the meeting of the Company’s Board of Directors held on 26.03.2019, it was ascertained that in 2018 a total amount of €38.8m was used for investments, instead of the envisaged amount of €49.5m, due to a readjustment of the timing for the implementation of the Company’s investment programme. More specifically, the Company invested an amount of €18.5m in IT systems and agencies equipment, an amount of €14.1m in VLTs and an amount of €6.2m in Self Service Betting Terminals (SSBTs) and Virtual games.
Accordingly, the time schedule for the investment of the funds for financial year 2019 is readjusted respectively as follows:
the Company will invest €23.4m in IT systems and agencies equipment, €3.5m in VLTs and €3.8m in Self Service Betting Terminals (SSBTs) and Virtual games.
Athens, 26.03.2019
OPAP S.A.
