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Logicom shareholders approve dividend

Cyprus Mail · 2026-06-26

AI SUMMARY

• What happened: Logicom Public Ltd shareholders approved a €0.10 dividend per share during the annual general meeting, with a proposed record date of July 9, 2026. • Why it matters: The dividend represents 29.4% of the nominal value of the shares, reflecting the company's commitment to shareholder returns and solid governance practices. • What to watch next: The dividend payment is scheduled for July 24, 2026, and shareholders should monitor the trading status of shares, which will be cum-dividend until July 7, 2026, and ex-dividend thereafter.

**Logicom Shareholders Approve €0.10 Dividend at Annual General Meeting**

Logicom Public Ltd has announced that its shareholders have approved a dividend payment of €0.10 per share during the company’s recent annual general meeting (AGM). This dividend represents 29.4 percent of the nominal value of the shares and was proposed by the board of directors.

The company has set a proposed record date of Thursday, July 9, 2026, for determining the beneficiaries of the dividend. Transactions conducted by the end of the trading day on Tuesday, July 7, 2026, will be included in this record. Consequently, Logicom shares will trade cum-dividend until July 7, and from the start of trading on Wednesday, July 8, they will trade ex-dividend. Investors who acquire shares through over-the-counter transactions will also qualify for the dividend, provided these transactions are completed and registered in the Dematerialised Securities System by the record date.

The payment of the dividend is scheduled for July 24, 2026, with the exact dispatch date to be confirmed at a later time.

The AGM saw participation from 11 shareholders in person and seven via proxies, representing 71.43 percent of the company’s issued shares. The agenda for the meeting included six ordinary business items and two special business items, allowing shareholders to ask questions on all matters discussed.

Among the key items presented was the management report, corporate governance report, consolidated sustainability report, and the audited financial statements for both the parent company and its consolidated entities for the year 2025. Shareholders also approved the re-election of several directors, including Christoforos Hadjikyprianou, Varnavas Irinarchos, George Papaioannou, Anthoulis Papachristoforou, Andreas Constantinides, and Neoklis Nikolaou.

Additionally, the AGM endorsed an advisory, non-binding resolution regarding the 2025 remuneration report and the company’s directors’ remuneration policy. KPMG Limited was reappointed as the statutory auditors of Logicom, effective from the end of the AGM until the conclusion of the next annual general meeting, with the board of directors given the authority to determine the auditors’ remuneration.

In terms of special business, shareholders approved an amendment to the company’s articles of association, which introduces a new regulation concerning the existence and management of unclaimed dividends and other amounts owed to beneficiaries. Furthermore, a special resolution was passed, granting the board of directors the authority to repurchase the company’s own shares.

The company has indicated that the speeches delivered by chairman Christoforos Hadjikyprianou, vice-chairman and CEO Varnavas Irinarchos, and the financial analysis presentation by finance director Anthoulis Papachristoforou were included in the AGM announcement, along with institutional notifications related to the re-election of directors and the reappointment of statutory auditors.

This approval of the dividend and the various resolutions passed during the AGM reflect Logicom’s ongoing commitment to its shareholders and its strategic governance practices.

Source: Cyprus Mail
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