**Keo Approves €1.69 Million Dividend for Shareholders**
*Limassol, Cyprus* – Keo plc has announced the approval of a €1.69 million dividend for its shareholders during the company’s annual general meeting held on July 8, 2026. The dividend, amounting to 4 cents per fully paid share, is set to be distributed to eligible investors by August 17, 2026.
The dividend payment will be drawn from the company’s profits for the year 2024, which are currently held in its revenue reserve. Shareholders listed on the Cyprus Stock Exchange (CSE) register as of July 20, 2026, will qualify to receive the dividend. The shares will trade ex-dividend starting July 17, 2026, meaning that investors purchasing shares up until the close of trading on July 16, 2026, will be entitled to the dividend payment. Additionally, shareholders who acquire shares through off-market transfers completed by the record date will also be eligible.
In conjunction with the dividend approval, shareholders at the meeting also ratified the directors’ report and the consolidated financial statements for the fiscal year ending December 31, 2025. The board of directors saw the re-election of Ioannis Charilaou, Demos Demou, and Simos Chamboullas, who retired by rotation as per the company’s articles of association.
Furthermore, the shareholders approved the reappointment of Deloitte Ltd as the external auditor for the year 2026. The board of directors, in collaboration with the audit committee, has been authorized to determine the auditor’s remuneration at a later date.
The remuneration report for the year ending December 31, 2025, was also approved by the shareholders. The approved directors' remuneration for 2026 includes a fixed annual fee of €13,500 for the chairman, along with representation expenses of €4,000 and €200 for each board meeting attended, including virtual meetings. Non-executive board members will receive a fixed annual fee of €10,000, representation expenses of €1,000, and the same €200 attendance fee for board and committee meetings.
In terms of the audit committee, the chairman will earn an annual fee of €5,000, while each of the remaining committee members will receive €2,500. Notably, the company’s chief executive officer will not receive any remuneration for participation on the board.
Following the conclusion of the annual general meeting, the newly constituted board of directors convened and confirmed its composition. Ioannis Charilaou has been reaffirmed as chairman, and Charalambos Panayiotou will continue to serve as chief executive officer. The board also includes members Demos Demou, Simos Chamboullas, Vasos Komodromos, Chris Georgiades, Odysseas Christodoulou, Simos Angelides, and Marios Stavrou.
This dividend approval marks a significant financial decision for Keo plc, reflecting the company's commitment to returning value to its shareholders while maintaining a robust governance structure. The company’s performance and strategic direction will be closely monitored as it moves forward with its plans for 2026 and beyond.