DIVIDEND DECLARATION AND CONVENING OF EXTRAORDINARY GENERAL MEETING AND BOARD MEETING

We hereby wish to announce that the Board of Directors of Vassiliko Cement Works Public Company Ltd at its meeting held on the 10th of September 2018, resolved the following:

 

a) Dividend declaration from the Retained Earnings

 

It was resolved to recommend to an Extraordinary General Meeting of the shareholders of the Company to approve the payment of a dividend, from the profits of 2016, of €4.675.836,56 corresponding to €0,065 per share.

 

The dividend to be approved by the Extraordinary General Meeting will be paid to the entitled shareholders of the Company that will be registered at the CSE registry as at 17th October 2018 (record date).  As a result, the 16th of October 2018 is determined to be the ex-dividend date, date from which the shares of the Company will be traded at the CSE without the right to the dividend.  

 

Investors that will purchase shares at the CSE by the close of business on 15th October 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 through an off exchange transfer to be completed by the record date. 

 

Payment of the dividend will be made (effected) until the 13th November 2018.

 

b) Extraordinary General Meeting

 

It was resolved that an Extraordinary General Meeting of the shareholders of the Company, for the approval of the above recommendation for the payment of dividend, be convened at the Offices of the Company, at its Plant at Vassiliko, on Thursday 4th October 2018, at 12.30 p.m.

 

c)Board Meeting

 

It was resolved that the Board of Directors of Vassiliko Cement Works Public Company Ltd be convened on Thursday 4th October 2018, to consider, among others, the possibility of approving the payment to the shareholders of the Company of an interim dividend out of the profits of 2018.

 

The relevant resolutions of the Board of Directors will be announced to the Cyprus Stock Exchange before the commencement of the stock exchange meeting on the 5th October 2018.