RECOMMENDATION TO APPROVE PAYMENT OF DIVIDEND

 
RECOMMENDATION TO APPROVE PAYMENT OF DIVIDEND

Vassiliko Cement Works Public Company Ltd announces that the Board of Directors of the Company at its Board Meeting held on 30 April 2014, taking into account the cash flow position of the Company resolved to recommend to the forthcoming Annual General Meeting of the shareholders of the Company (to be held at the “Le Meridien Limassol Spa & Resort” Hotel in Limassol, on Thursday 29 May 2014, at 5.00 p.m.) to approve the payment of a dividend of €1.079.039 out of the Company’s reserves, corresponding to €0,015 per fully paid share.

The dividend to be approved by the Annual General Meeting will be paid to the entitled shareholders of the Company that will be registered at the CSE registry as at 13 June 2014 (record date).  As a result, 11 June 2014 is determined to be the ex-dividend date, date from which the shares of the Company will be traded in the CSE without the right to the dividend.  

Investors that will purchase shares at the CSE by close of business on 10 June 2014 (Last Cum Date) will be entitled to the dividend.  It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date.  Payment of the dividend will be made (effected) till the 25 June 2014.