**Ellinas Finance Shareholders Approve Dividend During Annual General Meeting**
Nicosia, Cyprus – Ellinas Finance Public Company Ltd held its annual general meeting on Thursday, where shareholders approved a dividend of 1.75 cents per share. This dividend represents 3.9% of the nominal value of €0.45 per share.
The meeting provided shareholders with key information regarding the company’s financial performance and governance. Notably, shares will trade with the right to receive the dividend until July 3, 2026, with the ex-dividend date set for July 6, 2026. Beneficiaries of the dividend will include those registered in the company register as well as holders of securities acquired through over-the-counter sales transfers completed by the archive date of July 7, 2026. The dividend payment will be made in euros, with cheques expected to be dispatched by July 28, 2026.
During the meeting, the directors’ report and the annual financial report for the fiscal year 2025 were presented to attendees, offering insights into the company's financial health and strategic direction.
In a significant development regarding board governance, several directors resigned from their positions in accordance with the company’s articles of association. Nearchos Petrides and Philippos Papadopoulos resigned but were re-elected by the assembly. Similarly, Constantinos Servos and Evi Rossidou Antoniadou also stepped down and were subsequently re-elected.
The assembly addressed the remuneration of non-executive directors, deciding that their annual remuneration for 2026 will remain unchanged at €4,200. Additionally, one non-executive director with enhanced responsibilities will receive an annual remuneration of €30,000. Shareholders also approved a revised remuneration policy for board members and directors, ensuring alignment with corporate governance standards.
The annual remuneration report for 2025, which detailed compensation for the board and management, was presented and subjected to an advisory vote, reflecting the company's commitment to transparency in its governance practices.
In concluding the meeting, shareholders reappointed Baker Tilly Klitou and Partners Ltd as the company’s auditors and authorized the board to determine their fees for the upcoming year.
The decisions made during the annual general meeting reflect Ellinas Finance's ongoing commitment to shareholder value and corporate governance, as the company continues to navigate the financial landscape in Cyprus.