ANNUAL REPORT AND FINANCIAL STATEMENTS FOR 2017 - DIVIDEND DECLARATION - ANNUAL GENERAL MEETING

We hereby wish to inform you that at the meeting of the Board of Directors of Vassiliko Cement Works Public Company Ltd, held on 26thApril 2018, the following decisions were taken:

 

(a) Approval of Financial Statements

The Annual Report and the Financial Statements of the Company for the year 2017 which had been duly audited by the external Auditors of the Company KPMG Limited, were approved. 

Copies of the Annual Report and the Financial Statements of the Company for the year 2017 are available at the Registered Offices of the Company at 1Α Kyrakos Matsis Avenue, Koupati Building, 4th Floor, 1082 Nicosia, and will be uploaded to the Company’s website www.vassiliko.com (“Investor Relations”).

 

(b) Dividend declaration

It was resolved to recommend to the forthcoming Annual General Meeting of the shareholders of the Company (to be held at the Amathus Beach Hotel in Limassol, on Thursday 31 May 2018, at 5.00 p.m.) to approve the payment of an additional dividend for 2017 of €11.509.752, corresponding to €0,16 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 2018 (record date).  As a result, 12 June 2018 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 the close of business on 11 June 2018 (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 10 July 2018.

 

(c) Annual General Meeting

It was resolved that the 52nd Annual General Meeting of the shareholders of the Company, for the approval of the Annual Report and the Financial Statements of the Company for the year 2017, be convened at the Amathus Beach Hotel in Limassol, on Thursday 31st May 2018, at 5.00 p.m.