The distribution of profits and reserves in the total amount of Euro 39,390,730.60, i.e. €0.34 per share, in accordance with article 162 par. 3 of Law 4548/2018, was decided by the Ordinary General Meeting of June 22 of TERNA ENERGY AVETE.
As the company notes in a relevant announcement, the amount in question is subject to a 5% withholding tax, in accordance with Article 24 of Law 4646/2019 and therefore the shareholders will receive a total net amount of Euro 37,421,194.07, i.e. a net amount of 0. 323000 euros per share.
This amount will be increased with the dividend corresponding to the 379,181 own shares held by the Company. Therefore, the shareholders will receive a total amount of 0.3422328734 euros per share, i.e. a total net amount of 0.3251212297 euros per share.
Beneficiaries of the above distribution are those registered in the records of the Company’s Intangible Securities System on Tuesday, July 5, 2022 (record date). From Monday, July 4, 2022, the Company’s shares will be traded on the Athens Stock Exchange without the right of collection.
The payment will be made on Monday, July 11, 2022 and the paying Bank was designated “ALPHA BANK”, as follows:
1. Through the Participants of the beneficiaries in the S.A.T. (Banks and Brokerage Companies) in accordance with the applicable Regulations of EL.K.A.T. and its relevant decisions.
2. Especially in the cases of dividend payment to heirs of deceased beneficiaries whose titles are held in the Special Account of their Share at S.A.T., under the management of ATHEXCSD, the dividend payment process will be carried out after the completion of the legalization of the heirs through the “ALPHA BANK” network.
After 11-07-2023, payment will be made only from the Company’s offices at ave. Mediterranean no. 85, 11526 Athens. Amounts that will not be collected within five (5) years are time-barred in favor of the Greek State. For more information, Mr. Shareholders can contact the Company’s Shareholder Services Department (Mr. Giorgos Koufios tel. 210 6968457).
Source: Capital
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