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Announcement of ex- dividend date  /Payment of remaining dividend for the Year 2021


THRACE PLASTICS CO S.A. announces that the Annual Ordinary General Meeting of Shareholders, that took place on May 25th 2022, approved unanimously the distribution (payment) of dividend to Company’s Shareholders, from the profits of the fiscal year 2021

THRACE PLASTICS CO S.A.

Thursday, 26 May 2022

 

The Société Anonyme under the name “THRACE PLASTICS HOLDING COMPANY COMMERCIAL SOCIETE ANONYME“ with the distinctive title “THRACE PLASTICS CO S.A.” (called as “Company” hereafter), hereby announces, pursuant to the article 4.1.3.4 of the Athens Exchange Rulebook, that the Annual Ordinary General Meeting of Shareholders, that took place on May 25th 2022, approved unanimously the distribution (payment) of dividend to Company’s Shareholders, from the profits of the fiscal year 2021 (01.01.2021-31.12.2021), and in particular, approved the payment of the total amount of 11.750.000 Euro (gross amount), i.e. 0.268623913 Euros per share (gross amount).

It is noted that the Company has already made the allocation (distribution) to the shareholders of an interim dividend for the fiscal year 2021, on December 8th, 2021, of a total amount of 4,750,000 Euros (gross amount), i.e. 0.108592646 Euros per share (gross amount), which with the corresponding increase of the 504,163 treasury shares, which were held by the Company and were excluded by law from the interim dividend distribution, amounted to 0.109858877 Euros per share (gross amount).

After that, the remaining amount of the dividend is 7,000,000 Euros (gross amount), from the profits of the fiscal year 2021 (01.01.2021-31.12.2021) i.e. 0.1600312674 Euros per share (gross amount), which after the increase corresponding to 659,853 treasury (own) shares, which are held by the Company and are excluded from the dividend payment, will amount to 0.1624823628 Euro per share (gross amount).

The above amount of the dividend is subject to 5% tax withholding, in accordance with articles 40 par. 1 and 64 par. 1 of Law 4172/2013 (Government Gazette A΄ 167/23.07.2013), as in force after its amendment of par. 24 of Law 4646/2019 (Government Gazette A΄ 201/12.12.2019).

Therefore, the final payable amount of dividend shall be 0.1543582447 Euro per share (net amount).

The cut-off (ex-dividend) date of the dividend was set for Monday, 30th May 2022.

Beneficiaries of the remaining dividend for fiscal year 2021 are shareholders registered in the Company’s records in the Dematerialized Securities System on Tuesday, 31st May 2022 (Record Date).

The distribution (payment) of the above remaining dividend will commence on Friday, 3rd June 2022 and will be paid through the paying Bank "PIRAEUS BANK S.A." as follows:

  1. Through the operators in the Dematerialized Securities System (DSS) i.e. Banks and custodians and securities firms), according to the ATHEXCSD Rulebook and ATHEXCSD’s relevant resolutions.
  1. Especially in cases of dividend payment to heirs of deceased beneficiaries, whose securities are kept in the Special Account of their S.A.T. ID in the DSS under r the management of ATHEXCSD, dividend payment process will be carried out after the completion of the legitimation of their heirs, through "PIRAEUS BANK S.A." network.

 

It is reminded that dividends which will not be collected until December 31st, 2027, will be waived (Greek Civil Code article 250, sect. 15), the uncollected amounts will irrevocably be reimbursed to the Hellenic State in accordance with article 1 of legislative decree 1195/1942.

For any further information shareholders may contact the Investor Relations and Corporate Announcements Department of the Company (at +30 210 9875081, e-mail: [email protected]).