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Announcement of the exact payable amount of the interim dividend for the fiscal year 2024


THRACE PLASTICS CO S.A. announces to the investor community, that the Board of Directors of the Company, during its meeting of November 14th, 2024 approved the distribution (payment) of interim dividend for fiscal year 2024 to the shareholders

THRACE PLASTICS CO S.A.

20.1.2025

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), with reference to its earlier announcement dated November 21st, 2024 and the amendment of the financial calendar dated 26th November 2024, hereby announces to the investor community, pursuant to the article 4.1.1 of the Athens Exchange Rulebook, that the Board of Directors of the Company, during its meeting of November 14th, 2024 approved the distribution (payment) of interim dividend for fiscal year 2024 to the shareholders of the Company, of a total amount of 3,000,000.00 Euros (gross amount), corresponding to 0.0685848289 Euros per share (gross amount), which with the increase corresponding to the 863,796 treasury shares, which are held by the Company and in accordance with the law are excluded from the interim dividend distribution, will amount to 0.0699665112 Euros per share.

 

The above amount of the interim dividend is subject to 5% withholding tax, 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 by Law 4646/2019 (Government Gazette A΄ 201/12.12.2019).

 

Therefore:

  • Τhe final payable amount of the interim dividend for the fiscal year 2024 is 0.0664681856 Euro (net) per share.
  • Ex-Dividend (cut-off) date for the interim dividend of Year 2024, as it has been already announced: Thursday, January 23rd, 2025.
  • Beneficiaries of the interim dividend for fiscal year 2024 are the shareholders registered in the Company’s records in the Dematerialized Securities System on Friday, January 24th, 2025 (Record date).
  • The payment (distribution) of the interim dividend will commence on Wednesday, January 29th 2025, and will be paid through the paying Bank "PIRAEUS BANK S.A." as follows:

 

  1. Through the participants in the Dematerialized Securities System (DSS) i.e. Banks and Brokerage/Securities Companies, according to the provisions of the DSS Operation Regulation of the Hellenic Central Securities Depository (ATHEXCSD) and the relevant decisions of ATHEXCSD.
  2. Especially in cases of payment of the interim dividend to the legal heirs of deceased entitled shareholders, whose securities are kept in the Special Account of their S.A.T. ID in the DSS under ATHEXCSD custody, the disbursement process will be facilitated, following completion of the inheritance procedural steps, through any branch of “PIRAEUS BANK” network.

 

It is noted that according to the current applicable legislation, the right for the collection of the interim dividend amount expires after a five year period (article 250 of the Civil Code, section 15), from the end of the fiscal year in which this right was created (i.e. for the said interim dividend of fiscal year 2024 the right for its collection expires on 31.12.2030) and following such time period the uncollected amounts will be irrevocably transferred to the Hellenic State in accordance with article 1 of legislative decree 1195/1942.

 

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