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2019

20/06/2019

Payment of the Dividend Remainder for the Fiscal Year 2018

MOTOR OIL (HELLAS) S.A. hereby announces that the Annual Ordinary General Meeting of Company shareholders dated June 5th, 2019 approved the distribution of an aggregate dividend amount of Euro 1.30 per share for the fiscal year 2018. It is reminded that on December 17th, 2018 the Company paid an interim dividend of Euro 0.35 per share as advance payment for the year 2018 dividend. As a result, the remainder amount of dividend payable for the year 2018 is Euro 0.95 per share. The dividend remainder amount is subject to a 10% tax imposed on dividends (that is Euro 0.095 per share) pursuant to articles 40 and 64 of the Law 4172/2013 (Government Gazette A’ 167/ 23.07.2013) as amended with the Law 4603/2019, article 65 (Government Gazette A’ 48/ 14.03.2019). As a result the net payable amount will be Euro 0.855 per share. Company shareholders registered in the electronic files of the Dematerialized Securities System (DSS) dated Thursday June 27th, 2019 (record date) for MOTOR OIL (HELLAS) S.A. are entitled to the remainder amount of dividend. As of Wednesday June 26th, 2019 the shares will trade ex-dividend remainder for the year 2018.

 

The Company will use funds kept with overseas banks for the payment of the year 2018 dividend remainder. The payment of the year 2018 dividend remainder to the shareholders will be effected through the payee bank - BANK OF PIRAEUS S.A. - on Wednesday July 3rd, 2019 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 Tuesday July 9th, 2019.

 

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, 2024 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, 2024 will be written off in favour of the Hellenic State.

 

Maroussi, June 20th 2019

The Board of Directors

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