Vassilico: Final results 2021 – Proposed dividend of €0,13 – AGM on 19/5

We hereby inform you that on 7 April 2022 theBoard of Directors of Vassiliko Cement Works Public Company Ltd took the following decisions:

(a) Approval of Financial Statements

Approved the Annual Report and the Financial Statements of the Company for the year 2021 which are duly audited by the external Auditors of the Company KPMG Limited. 

Copies of the Annual Report and the Financial Statements of the Company for the year 2021 are available at the Registered Offices of the Company at 1Α Kyriakos Matsis Avenue, Koupati Building, 4th Floor, 1082 Nicosia, and at the Company’s website www.vassiliko.com (“Investor Relations”).

TheAnnualReportandFinancialStatementsoftheCompanyfortheyear 2021 in HTML format according to the European Single Electronic Format (“ESEF”) is available at the Company’s website at the following link:

https://www.vassiliko.com/images/media/redirectfile/Financial%20Reports/...

(b) Dividend declaration

Resolved to recommend to the forthcoming Annual General Meeting of the shareholders of the Company (to be held at the Plant Offices of the Company at Vassiliko, on Thursday 19 May 2022, at 5.00 p.m.) to approve the payment of a dividend of €9.351.673,11 corresponding to €0,13 per fully paid share, which is payable from the profits of the year 2020 included in Retained Earnings.

The dividend to be approved by the Annual General Meeting will be paid to the entitled shareholders of the Company that will be registered at the CSE registry as at 1 June 2022 (record date).  As a result, 31 May 2022 is set to be the ex-dividend date, date from which the shares of the Company will be traded in the CSE without the right to the dividend.  

Investors that will purchase shares at the CSE by the close of business on 30 May 2022 (Last Cum Date) will be entitled to the dividend.  It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date.  Payment of the dividend will be made (effected) till the 28 June 2022.

(c) Annual General Meeting

Resolved to convene the 56th Annual General Meeting of the shareholders of the Company, for the approval of the Annual Report and the Financial Statements of the Company for the year 2021,at the Offices of the Company at Vassiliko, on Thursday 19th of May 2022, at 5.00 p.m.