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Top Kinisis to examine half-year results in late September

Cyprus Mail · 2026-08-24

AI SUMMARY

• What happened: Top Kinisis Travel Public Ltd will hold a board meeting on September 23, 2026, to review its unaudited financial results for the first half of the year. • Why it matters: This meeting follows the company's recent AGM, where shareholders approved the previous year's financial statements and discussed corporate governance, including director re-elections and dividend payouts. • What to watch next: Stakeholders will be looking for insights into the company's performance amid the ongoing recovery in the travel sector as the board reviews the financial results.

**Top Kinisis to Examine Half-Year Results in Late September**

Cyprus-based travel company Top Kinisis Travel Public Ltd has announced that its board of directors will convene on September 23, 2026, to review the company’s financial performance for the first half of the year. This meeting will focus on the unaudited consolidated financial results for the six-month period ending June 30, 2026.

The upcoming board meeting follows the company’s annual general meeting (AGM), which took place on June 11, 2026, at its head offices located in Strovolos. During the AGM, shareholders unanimously approved the consolidated balance sheet and the profit and loss account for the financial year that concluded on December 31, 2025. The approval came after shareholders reviewed the independent auditors’ report, ensuring transparency and accountability in the company’s financial reporting.

At the AGM, the board of directors recommended a dividend payout of €0.01 per ordinary share, amounting to a total distribution of €122,120.11. This dividend was scheduled for payment on July 24, 2026, to shareholders who were registered with the Cyprus Stock Exchange (CSE) as of June 26, 2026. To be eligible for this dividend, investors needed to complete their share transactions by the close of trading on June 24, 2026. The ex-dividend date was set for June 25, 2026, after which shares were traded without the entitlement to the dividend.

In addition to financial matters, the June AGM addressed corporate governance issues. The board accepted the formal resignations of several directors—Elena Tanou, Constantinos Kakkouras, Nicolaos Pissas, and Panayiotis Papanicolaou—who subsequently stood for re-election and were successfully re-elected to the board.

Shareholders also discussed board remuneration, setting the fee for each member at €100 per meeting, while the chairman’s fee was fixed at €150 per session. This decision reflects the company’s commitment to maintaining a structured and accountable governance framework.

Furthermore, the AGM concluded with the re-appointment of the audit firm Baker Tilly, which will continue to serve the company until the next annual assembly. The board was granted the authority to negotiate the professional fees for the audit services, ensuring that the company maintains a robust financial oversight mechanism.

As Top Kinisis prepares for its upcoming board meeting in September, stakeholders will be keenly awaiting insights into the company’s performance during the first half of 2026, particularly in the context of the ongoing recovery and growth within the travel sector.

Source: Cyprus Mail
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