Revoil's management characterizes untrue reports in the electronic press, stating that the recent transactions that took place in the company's share were not carried out in the context of a strategic agreement with a third party.

"The aim of this move is to increase the dispersion of the company's shares. These transactions were carried out in accordance with the terms of the applicable legislation," the company said.

Revoil announced yesterday that on Monday, July 1, 2024, it sold all of its own shares, i.e., 208,902 shares, representing 0.95334% of its paid-up share capital, at a price of €1.70 per share and a total value of €355,133.40.

The company's announcement in detail:

REVOIL, following the decision of its Board of Directors of 28.6.2024 and the relevant announcement, in the context of the correct, valid, and timely information of the investing public, announces that on Monday, July 1, 2024, it sold all of its treasury shares, i.e., 208,902 shares, representing 0,95334% of its paid-up share capital, at a selling price of €1,70 per share and a total value of €355,133,40.

It is noted that the above-sold treasury shares were acquired pursuant to the resolution of the Extraordinary General Meeting of the Company's shareholders of September 15, 2023.