Home Uncategorized Mytilineos: On June 24, the dividend cut of 0.42 euros per share

Mytilineos: On June 24, the dividend cut of 0.42 euros per share

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Mytilineos: On June 24, the dividend cut of 0.42 euros per share

The distribution of a dividend of 0.42 euros per share was decided, among others, by the annual Ordinary General Meeting of Mytilineos Shareholders, held on June 2, 2022.

According to the current tax provisions, the dividend to be distributed is subject to withholding tax of 5% (with the exception or variation of the withholding rate for shareholders who are subject to special provisions).

The announcement in detail:

Notification of dividend right cut / dividend payment MYTILINEOS SA (the “Company”) in accordance with article 4.1.3.4 of the Regulations of the Athens Stock Exchange, announces the following:

The Annual Ordinary General Meeting of the Company’s Shareholders, held on June 2, 2022, decided, among other things, to distribute a dividend amounting to forty-two euro cents (€ 0.42) per share. According to the current tax provisions, the dividend to be distributed is subject to withholding tax of 5% (with the exception or variation of the withholding rate for shareholders who are subject to special provisions).

The cut of the dividend will take place on June 24, 2022 and the process of payment of the dividend to the beneficiaries will begin on July 1, 2022.

Beneficiaries in the payment of dividend are the shareholders who will be registered in the files of the Intangible Securities System (DSS) managed by “Hellenic Central Securities Depository SA.” on June 27, 2022 (record date).

The payment of the dividend will be made by the paying bank “PIRAEUS BANK SA.” as follows:

a) Through the Participants of the beneficiaries in the DSS. (Banks and Stock Exchanges) in accordance with the rules in force of the Hellenic Railways.

b) Especially in cases of dividend payment to heirs of deceased beneficiaries, whose titles are kept in the Special Account of their Share in the DSS, under the management of ATHEXCSD, the dividend payment process will be carried out after the completion of the legalization of heirs, through the branch network of “PIRAEUS BANK SA.” for five (5) years from the end of the current year (ie until December 31, 2027).

Dividends that will not be collected within five (5) years from the end of the current year, ie until December 31, 2027, are statute-barred in favor of the Greek State.

Source: Capital

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