News

Mitsides confirms dividend payout, governance approvals

Cyprus Mail · 2026-07-21

AI SUMMARY

• What happened: Mitsides Public Company Limited announced the approval of a final dividend of €0.05 per share, totaling €410,000, during its annual general meeting on July 17, 2026. • Why it matters: The dividend payout reflects the company's profitability for the financial year 2023 and demonstrates shareholder confidence in its governance and operational strategies. • What to watch next: Investors should monitor the record date of July 31, 2026, and the proposed payment date of August 25, 2026, for the dividend, as well as any future announcements regarding the company's governance and financial performance.

**Mitsides Public Company Limited Announces Dividend Payout and Governance Approvals**

Nicosia, Cyprus – Mitsides Public Company Limited held its annual general meeting on July 17, 2026, where shareholders approved a final dividend of €0.05 per share, amounting to a total payout of €410,000 derived from the profits of the financial year 2023. The company confirmed this decision in an announcement made on Tuesday.

The dividend payment is part of a broader agenda discussed during the meeting, which included various governance decisions essential for the company's continued operations and compliance. The record date for determining eligible shareholders to receive the dividend has been set for July 31, 2026. This means that transactions completed by the end of the trading day on July 29, 2026, will be included in the record for dividend entitlement.

Starting from July 30, 2026, shares of Mitsides will trade without the right to participate in the dividend, as clarified in the company’s announcement. The company also specified that investors who have completed over-the-counter transfers by the record date will be eligible for the dividend. Additionally, those whose transfers are registered in the Dematerialised Securities System by the record date will also qualify.

The proposed payment date for the dividend is set for August 25, 2026, although the company noted that the exact timing will be confirmed in a future announcement.

In addition to the dividend declaration, shareholders reviewed and approved the directors’ report and the financial statements for the year ending December 31, 2025. The meeting also saw the re-election of board members Achilleas Demetriades, Marios Demetriades, and Marios Loucaides, reflecting continued confidence in the current governance team.

Furthermore, the remuneration for directors for the year 2026 was approved, indicating ongoing support from shareholders for the company’s governance framework. Shareholders also re-appointed PricewaterhouseCoopers Ltd as auditors for the upcoming year, granting the board of directors the authority to determine their remuneration.

The decisions made during the annual general meeting underscore Mitsides Public Company Limited's commitment to maintaining transparency and accountability in its operations while rewarding shareholders through dividend payouts. As the company prepares for the upcoming financial year, these governance measures are expected to bolster investor confidence and support the company’s strategic objectives.

Source: Cyprus Mail
RELATED NEWS

More Stories

All News
News

Orange warning issued as temperatures set to reach 43C

• What happened: The Cyprus Meteorological Office issued an orange warning for extreme high temperatures, predicting inland areas will reach 43°C on Wednesday f...

News

‘Interaction’ with Iran’s injured Supreme Leader increasing daily, president says

• What happened: Iranian President Masoud Pezeshkian announced that the level of "interaction" with the Supreme Leader, Mojtaba Khamenei, is increasin...

News

Customs agents decry persisting issues with new automated import system

• What happened: Customs agents in Cyprus reported ongoing issues with the Automated Import System (AIS) ten months after its launch, citing technical malfuncti...

News

Lawyer suggests all of seized cocaine did not make it as far as evidence

• What happened: In the retrial of Giorgos ‘Zavrantonas’ Christodoulou, defense counsel questioned the integrity of cocaine evidence, suggesting discrepancies b...

News

Fire breaks out near Ergates industrial area

• What happened: A significant wildfire broke out northwest of the Ergates industrial area in Nicosia, prompting a large-scale response from local firefighting ...

News

Holguin to travel to Brussels, Ankara ahead of Guterres’ Cyprus visit

• What happened: UN envoy Maria Angela Holguin is traveling to Brussels and Ankara to prepare for UN Secretary-General Antonio Guterres' visit to Cyprus ne...