**Dividend Payment on the Agenda for Keo Annual Meeting**
Cyprus-based beverage manufacturer Keo plc is preparing for its annual general meeting (AGM) scheduled for July 8, 2026, at the company's registered office located in Limassol. The firm has announced that, in compliance with Article 128 of the Companies Law Chapter 113, official notifications regarding the meeting will not be sent directly to shareholders. Instead, shareholders can access the meeting notification and proxy forms on the company’s website, the Cyprus Stock Exchange (CSE) website, and in printed format at the registered office.
The agenda for the upcoming AGM is comprehensive, focusing on key aspects of the company's governance and financial performance. One of the primary items on the agenda is the examination and adoption of the management report for the fiscal year 2025. This report is expected to provide insights into the company's operations and strategic direction over the past year.
Additionally, shareholders will have the opportunity to review and approve the financial statements for the year ending December 31, 2025. A notable proposal on the agenda is the declaration of a dividend payment amounting to €1,687,276.92, which translates to €0.04 per ordinary share. This proposed dividend is derived from the profits of the year 2024, which are included in the retained earnings.
The meeting will also address the election of new board members, as several current members are retiring by rotation. Ioannis Charilaou, Demos Demou, and Simos Hamboullas are set to retire but are eligible for re-election. Their candidacies will be considered, and shareholders can review their curriculum vitae within the board of directors’ report on corporate governance, which will be included in the annual report for 2025.
In addition to board elections, the AGM will discuss the re-appointment of Deloitte Ltd as the company’s auditors for the upcoming year, along with determining their remuneration for 2026. The remuneration structure for board members will also be a topic of discussion. The chairman of the board is proposed to receive a fixed fee of €13,500, along with representation expenses of €4,000 and an additional €200 for each meeting attended, including e-meetings. Similar remuneration terms are set for board committee meetings and any ad hoc meetings where the chairman is present.
For other board members, excluding the managing director who does not receive remuneration, a fixed fee of €10,000 is proposed, along with representation expenses of €1,000 and an additional €200 for each meeting attended. The remuneration for members of the audit committee will be structured as follows: €5,000 for the chairman and €2,500 for each of the remaining members.
The AGM will also consider any other business that may arise in accordance with the company’s articles of association. As the date of the meeting approaches, shareholders are encouraged to review the relevant documents available online and at the registered office to prepare for the discussions and decisions that will shape the company's future.
Keo plc, known for its extensive range of beverage products, continues to engage its shareholders through transparent governance practices and by providing opportunities for input on key financial matters. The upcoming AGM represents a significant occasion for shareholders to influence the company's direction and to ensure continued alignment with its strategic objectives.