The net amount of the extraordinary dividend that will be distributed by OTE SA is set at 0.2394646 euros per share. to its shareholders, with a cut-off date of 15 November and a payment start date of 19 of the same month.
In detail, in the announcement of the company, it is mentioned that “the Telecommunications Organization of Greece SA (” OTE SA “or” Company “), following the announcement from 15/10/2021 for the updating of the Financial Calendar after of the decision of the Board of Directors of the Company of 14/10/2021 for the distribution of an extraordinary gross dividend of 0.248 euros per share after the sale of Telekom Romania Communications SA, announces the following:
The amount of the dividend to be paid will eventually be set at the gross amount of 0.252068 euros per share, increased by the dividend corresponding to the 7,371,353 treasury shares held by the Company on November 15, 2021 (dividend cut-off date). It is noted that according to the current tax provisions (articles 64 of law 4172/2013, as amended and in force), 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). As a result, the net amount to be collected from the Shareholders will amount to 0.2394646 euros per share.
Beneficiaries of this dividend are the registered Shareholders of the Company on November 16, 2021 (Record Date) in the files of the Intangible Securities System (DSS) managed by the “Hellenic Central Securities Depository”.
Dividend payment start date is set for Friday, November 19, 2021. Monday, November 15
2021, the shares will be traded without the right to the above dividend (date of cut of the right to the dividend).
The payment of the dividend will be made by the paying bank “PIRAEUS BANK SA”, as follows:
1. Through the participants of the beneficiaries in the DSS. (Banks and Stock Exchanges
Companies), in accordance with the regulations in force of the Hellenic Railways.
2. Especially in cases of dividend payment to heirs of deceased beneficiaries
whose securities are held in the Special Account of their Share in the DSS, under the management of ATHEXCSD, the dividend payment process will be carried out through the network of “Piraeus Bank SA after the completion of the process of legalization of the heirs” .
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
