MOH:GA
26.12 EUR
18/04/2024 17:20:02
Search
Ελληνικά

Month: June 2019

Payment of the Dividend Remainder for the Fiscal Year 2018

Posted on by admin

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

Organization of the Board as a Body Corporate

Posted on by admin

Pursuant to article 2 of the Decision 3/347/12.7.2005 of the Hellenic Capital Markets Commission, it is hereby announced that the Board of the Company in its meeting dated 06 June 2019 organized as a Body Corporate as follows:

Vardis J. Vardinoyannis – Chairman and Managing Director, Executive Member

Yannis V. Vardinoyannis – Vice Chairman, Non Executive Μember

John N. Kosmadakis – Deputy Managing Director, Executive Μember

Petros Τ. Tzannetakis – Deputy Managing Director, Executive Μember

Demosthenes N. Vardinoyannis – Νon Executive Μember

George P. Alexandridis – Νon Executive Μember

Michael-Matheos J. Stiakakis – Executive Μember

Theofanis Chr. Voutsaras – Executive Μember

Niki D. Stoufi – Non Executive Member

Antonios Th. Theocharis – Νon Executive / Independent Μember

Anastasios-Elias Chr. Triantaphyllidis – Νon Executive / Independent Μember

Panayotis J. Constantaras – Non Executive / Independent Member

 

The term of the Board expires on the next Annual Ordinary General Assembly of Company shareholders which will approve the annual financial statements of fiscal year 2019.

 

Maroussi, 14 June 2019

The board of Directors

Decisions of the 2019 Annual Ordinary General Assembly

Posted on by admin

Pursuant to the provisions of section 4.1.3.3 of the Regulation of the Athens Exchange, MOTOR OIL (HELLAS) S.A. hereby announces that the Annual Ordinary General Meeting was convened on June 5th, 2019 at 12:00 hours at Athens Plaza hotel, Syntagma Square with shareholders being present representing a percentage of 78.97% of the share capital.

All items on the daily agenda were approved.

Item 1: The yearly 2018 Financial Statements (stand alone and consolidated), along with the relevant reports of the Board of Directors and of the Auditors were approved.

Item 2: Τhe overall management of the Company for the fiscal year 2018 was approved and the Auditors were discharged from any liability for damages with regard to the yearly 2018 Financial Statements.

Item 3: A new Board was elected as follows: Mr. Vardis J. Vardinoyannis, Mr. Yannis V. Vardinoyannis, Mr. John N. Kosmadakis, Mr. Petros T. Tzannetakis, Mr. Demosthenes N. Vardinoyannis, Mr. George P. Alexandridis, Mr. Michael – Matheos J. Stiakakis, Mr. Theofanis Chr. Voutsaras, , Mrs Niki D. Stoufi, Mr. Antonios Th. Theocharis, Mr. Anastasios – Elias Chr. Triandaphyllidis, Mr. Panayotis J. Constantaras. The last three BoD members are non – executive independent in accordance with the provisions of the Corporate Governance Law 3016/2002. The organization of the BoD as a Body Corporate will take place shortly.

Item 4: The Audit Committee was appointed as follows: Mr. Panayotis J. Constantaras – Chairman (Independent pursuant to the Law 3016/2002), Mr. George P. Alexandridis – Regular Member, Mr. Constantinos N. Thanopoulos – Regular Member (Independent pursuant to the Law 3016/2002). Substitute Member: Mrs Niki D. Stoufi.

Item 5: The distribution of company earnings for the fiscal year 2018 and the dividend amount of Euro 1.30 per share for the fiscal year 2018 was approved. Considering that an amount of Euro 0.35 per share was paid as interim dividend on December 17, 2018 the dividend remainder for the fiscal year 2018 equals Euro 0.95 per share. The General Assembly approved the ex-date, record date and payment commencement date as follows: Ex-dividend remainder date: Wednesday June 26, 2019 – Record date: Thursday June 27, 2019 (Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T.) dated June 27, 2019 will be entitled to the dividend remainder) – Payment commencement date: Wednesday July 3, 2019. The payment of the year 2018 dividend remainder will be effected through a Payee Bank. The Company will provide details to the investment community in respect of the fiscal year 2018 dividend remainder payment with a subsequent announcement.

Item 6: Two Auditors, one ordinary and one substitute, were elected for the fiscal year 2019 and their fees were approved.

Item 7: The fees of the members of the Board of Directors for the fiscal year 2018 were approved and the respective fees for the fiscal year 2019 were pre-approved.

Item 8:  The payment in advance of fees to Board of Directors members for the period until the next Ordinary General Meeting was approved.

Item 9: The distribution of part of the fiscal 2018 Net Income of the Company to the personnel and to members of the BoD was approved and the relevant authorizations were granted.

Item 10: The Directors’ Remuneration Policy was approved.

Item 11: The amendment of the Articles of Association of the company in the context of its harmonization with the Law 4548/2018 was approved.

Maroussi, June 5th, 2019.

The Board of Directors