**Top Kinisis Shareholders Approve Dividend and Re-Elect Board Members**
On Thursday, shareholders of Top Kinisis Travel Public Ltd gathered at the company's headquarters in Strovolos for their annual general meeting (AGM), where they unanimously approved key financial statements and confirmed a dividend payout for the upcoming fiscal period.
During the meeting, shareholders reviewed and accepted the consolidated balance sheet and the profit and loss account for the year ending December 31, 2025. This approval followed a thorough examination of the independent auditors’ report, which provided a detailed overview of the company’s financial health.
One of the significant outcomes of the meeting was the board's recommendation to issue a dividend of €0.01 per ordinary share. This decision translates to a total dividend distribution amounting to €122,120.11. The payout is scheduled for July 24, 2026, and will be distributed to shareholders who are registered in the records of the Cyprus Stock Exchange (CSE) as of June 26, 2026.
To be eligible for the dividend, shareholders must complete their transactions by the end of the trading session on June 24, 2026. The ex-dividend date has been set for June 25, 2026, meaning that shares will trade without the right to the dividend from that date onward.
The AGM also addressed board leadership, with four directors—Elena Tanou, Constantinos Kakkouras, Nicolaos Pissas, and Panayiotis Papanicolaou—resigning from their positions only to be re-elected by the shareholders. This move reflects the shareholders' confidence in the current board's leadership and strategic direction.
In terms of board remuneration, it was agreed that each director would receive €100 per meeting attended, while the chairman would earn €150 per session. This compensation structure aims to ensure that board members are adequately incentivized for their contributions to the company.
Additionally, the shareholders re-appointed Baker Tilly as the company’s auditors, extending their service until the next annual general meeting. The board of directors was also granted the authority to negotiate the final fees for these auditing services.
The decisions made during this AGM highlight the company's commitment to maintaining transparency and accountability while ensuring that shareholders are rewarded for their investment. As Top Kinisis continues to navigate the complexities of the travel industry, the support from its shareholders and the re-election of its board members position the company for potential growth in the coming years.
Overall, the meeting concluded on a positive note, with shareholders expressing optimism about the company's future prospects and its ability to deliver value.