**Petrolina Approves Dividend at Annual General Meeting**
Petrolina (Holdings) Public Ltd held its annual general meeting on Thursday, where shareholders voted in favor of a final dividend of 5.8 percent, equating to 2.0 cents per share. This decision reflects the company's ongoing commitment to returning value to its shareholders. The approved dividend is set to be paid out on July 28, 2026, to all shareholders recorded in the Cyprus Stock Exchange (CSE) register by June 29, 2026.
In preparation for the dividend distribution, shares in Petrolina will begin trading ex-dividend on the Cyprus Stock Exchange starting June 26, 2026. This means that investors purchasing shares on or after this date will not be entitled to the upcoming dividend.
During the meeting, shareholders also unanimously approved the management report and the audited financial statements for the fiscal year ending December 31, 2025. This approval is a significant indicator of the company’s financial health and operational transparency, providing stakeholders with assurance regarding the company's performance.
In addition to the financial matters, shareholders voted to re-elect board members Dinos Lefkarites and George Kalopetrides, ensuring continuity in leadership. The meeting also saw the ratification of two new non-executive members to the board: Maria Loula Lefkariti and Demetra Kalogirou Antoniadou. Their appointments are expected to bring fresh perspectives to the board’s strategic discussions.
Furthermore, the company confirmed the re-appointment of KPMG as its external auditors, a decision that reflects the board's confidence in KPMG's ability to provide independent and thorough auditing services. The board of directors was also granted the authority to determine the auditors' fees, a standard practice that allows for flexibility in financial arrangements.
Attendees of the meeting reviewed the remuneration report for the 2025 financial year, which was prepared in accordance with the long-term shareholder engagement law enacted in 2021. This law encourages companies to enhance their engagement with shareholders regarding remuneration policies, ensuring that compensation structures align with shareholder interests and company performance.
The decisions made at the annual general meeting underscore Petrolina's commitment to maintaining strong governance practices and fostering shareholder engagement. As the company prepares for its upcoming dividend payout and continues to navigate the complexities of the market, stakeholders will be looking closely at its ongoing performance and strategic direction.
Overall, the annual general meeting served as a platform for shareholders to engage with the company's leadership, review its financial health, and make critical decisions that will shape the future of Petrolina (Holdings) Public Ltd.