14 November 2011 • Articles
OPAP Chairman interview
TopicsGeneral Meetings / Proxy solicitation Governance Shareholder Communication Shareholder Engagement
A few days after the EGM of OPAP S.A, which essentially confirmed the implementation of the largest investment program in the history of the company, Chairman and CEO of OPAP, Ioannis Spanoudakis reveals the efforts the company went through to ensure all shareholders were informed: "We did not leave any decision to chance. The reason for this is because there are many cases in the past where shareholders resisted due to lack of information. What did we do? In addition to our own initiatives, we hired Sodali as proxy manager, who in turn contacted respective contacts and companies representing the majority of our institutional investors. This move proved highly effective in combination with the additional information provided by the Board and the Investor Relations department, particularly with the two largest shareholders - we made sure we pass the message went through."