ANNUAL REPORT AND FINANCIAL STATEMENTS FOR 2019 - DIVIDEND DECLARATION - ANNUAL GENERAL MEETING

We hereby inform you that on 9 April 2020 the Board of Directors of Vassiliko Cement Works Public Company Ltd took the following decisions:

 

(a)  Approval of Financial Statements

 

Approved the Annual Report and the Financial Statements of the Company for the year 2019 which are duly audited by the external Auditors of the Company KPMG Limited. 

 

Copies of the Annual Report and the Financial Statements of the Company for the year 2019 are available at the Registered Offices of the Company at 1Α Kyriakos Matsis Avenue, Koupati Building, 4th Floor, 1082 Nicosia, and at the Company’s website www.vassiliko.com (“Investor Relations”).

 

(b)  Dividend declaration

 

Resolved to recommend to the forthcoming Annual General Meeting of the shareholders of the Company (to be held at the Plant Offices of the Company at Vassiliko, on Thursday 30 July 2020, at 5.00 p.m.) to approve the payment of a dividend of €5.754.876, corresponding to €0,08 per fully paid share, €0,06 of which is payable from the profits of the year 2018 included in the Retained Earnings Reserve and €0,02 from the profits of 2019.

 

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 12 August 2020 (record date).  As a result, 11 August 2020 is set 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 10 August 2020 (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 8 September 2020.

 

(c)  Annual General Meeting

 

Resolved to convene the 54th 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 2019, at the Offices of the Company at Vassiliko, on Thursday 30th of July 2020, at 5.00 p.m.

 

ANNUAL FINANCIAL STATEMENTS 2019 - ENGLISH

ANNUAL FINANCIAL STATEMENTS 2019 - GREEK

 

10 April 2020