Dividends & Other Cash Distributions
Payment of cash distributions of the Company (dividend, interim dividend, tax-free reserves etc.) is performed by the paying agent (National Bank of Greece) in one of the following ways:
- Through DSS (Dematerialized Securities System) Operators, for those of the beneficiary shareholders who have authorized their Operators for the collection of distributed amounts.
- Ιn cases of dividend payment to heirs of deceased beneficiaries, whose securities are kept in the Special Account of their Shareholding Account in the DSS under the ATHEXCSD management, dividend payment process will be carried out after the completion of the legalization of heirs, by the Issuer.
Pursuant to article 250 of the Greek Civil Code and Legislative Decree 1195/1942, the shareholder’s claim on the payment of dividends by a Société anonyme Company is statute-barred in favour of the Greek State after a period of five years. This period starts at the end of the year in which the claim arose, that is, the year in which the financial statements were approved and the decision on the distribution of dividends was taken.