**Keo plc Completes €1.69 Million Dividend Payout After Software Delays**
Cyprus, September 5, 2026 – Keo plc, a prominent beverage company based in Cyprus, announced on Tuesday that it has successfully completed the payment of its interim dividend to shareholders, following a series of technical challenges that had previously threatened to delay the distribution. The company confirmed that the total dividend payout amounts to €1.69 million, which was approved by shareholders during the annual general meeting held on July 8, 2026.
The dividend, which allocates 4 cents per fully paid share, is funded from profits held within the revenue reserve for the financial year 2024. This payout was initially scheduled to be completed by August 17, 2026; however, management encountered issues with the dividend calculation software, prompting a warning issued on August 7, 2026. Despite these setbacks, Keo plc reassured its investors that the payments would be finalized no later than August 25, 2026.
The interim dividend applies to shareholders listed on the Cyprus Stock Exchange (CSE) register as of July 20, 2026. This includes individuals who acquired shares through off-market transfers prior to that date. The company’s shares traded ex-dividend on July 17, 2026, following the last cum-dividend trading session on July 16, 2026.
In accordance with regulatory rules that came into effect on November 13, 2023, regarding the operation of the Central Depository and Central Register of Securities, payments for shares held under an operator's control were remitted directly to the operator, who is responsible for passing the funds on to clients. For shareholders whose shares are not managed by an operator, the company completed dividend payments either through direct bank account transfers or by sending cheques to registered correspondence addresses.
In instances where beneficiaries did not respond to official communications, Keo plc withheld the corresponding dividends until an authorization form containing an International Bank Account Number (IBAN) or a confirmed mailing address was received. Alternatively, affected shareholders have the option to collect their cheques in person from the company’s registered office, provided they present a valid identity card or passport.
During the annual general meeting in July, shareholders also approved the directors' report and the consolidated financial statements for the fiscal year ending December 31, 2025. Furthermore, the meeting saw the re-election of board members Ioannis Charilaou, Demos Demou, and Simos Chamboullas, who retired by rotation in accordance with the company’s articles of association.
The shareholders also reappointed Deloitte Ltd as the external auditor for the year 2026, granting the board and the audit committee the authority to determine the auditor's remuneration at a later date. Additionally, the remuneration report for the year ending December 31, 2025, along with director fees for 2026, received formal endorsement from the shareholders.
Keo plc's ability to navigate the software challenges and complete the dividend payout reflects its commitment to maintaining shareholder confidence and ensuring timely financial distributions. As the company moves forward, it remains focused on its operational strategies and financial performance, aiming to uphold its reputation in the competitive beverage market.