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2017

19/06/2017

Payment of the Dividend Remainder for the Fiscal Year 2016

MOTOR OIL (HELLAS) S.A. hereby announces that the Annual Ordinary General Meeting of Company shareholders dated June 7th, 2017 approved the distribution of an aggregate dividend amount of Euro 0.90 per share for the fiscal year 2016. It is reminded that on December 19th, 2016 the Company paid an interim dividend of Euro 0.20 per share as advance payment for the year 2016 dividend. As a result, the remainder amount of dividend payable for the year 2016 is Euro 0.70 per share. The dividend remainder amount is subject to a 15% tax imposed on dividends (that is Euro 0.105 per share) pursuant to paragraph 11 of article 112 of the Law 4387/2016 (Government Gazette A’ 85/12.05.2016) as amended with the Law 4389/2016 (Government Gazette A’ 94/27.05.2016). As a result the net payable amount will be Euro 0.595 per share. Company shareholders registered in the electronic files of the Dematerialized Securities System (DSS) dated Tuesday June 27th, 2017 (record date) for MOTOR OIL (HELLAS) S.A. are entitled to the remainder amount of dividend. As of Monday June 26th, 2017 the shares will trade ex-dividend remainder for the year 2016.

 

The Company will use funds kept with overseas banks for the payment of the year 2016 dividend remainder. The payment of the year 2016 dividend remainder to the shareholders will be effected through the payee bank - BANK OF PIRAEUS S.A. - on Monday July 3rd, 2017 as follows:

 

1.      Through the Dematerialized Securities System (DSS) Operators, that is Banks and Securities firms, for those shareholders who have authorized their Operator(s) for the dividend collection.

2.      By direct credit to the bank account corresponding to the International Bank Account Number (IBAN) declared by the shareholder, pursuant to article 13 of the DSS Operation Regulation and decision number 6 of the ATHEXCSD Board, as in force, in case the shareholder does not wish to collect the dividend through his/her Operator(s). This case concerns only the shareholders who have declared an IBAN kept with the payee bank – BANK OF PIRAEUS S.A.

3.      The shareholders who have entered through their Operator(s) into the DSS the indication “Don’t use IBAN for payments with funds from a foreign remittance” will be attended to at any branch of the payee bank - BANK OF PIRAEUS S.A. The collection of the dividend through any branch of the payee bank concerns also those shareholders of category 2 above who have not declared an IBAN kept with the payee bank – BANK OF PIRAEUS S.A.

4.      The shareholders not credited by their DSS Operator(s), for whatever reason, will be attended to at any branch of the payee bank - BANK OF PIRAEUS S.A. - from Friday July 7th, 2017.

 

The shareholders falling into the categories 3 and 4 described above will be able to collect the dividend remainder in person or through their legally authorized representative until December 31st, 2022 by presenting to the payee bank - BANK OF PIRAEUS  S.A. - a copy of their DSS details and their Identification Card.

 

Dividends not collected until December 31st, 2022 will be written off in favour of the Hellenic State.

 

Maroussi, 19 June 2017

The Board of Directors

        

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