Hellenic Telecomms

Special Dividend Distribution

RNS Number : 0340G
Hellenic Telecomms Organization S A
18 July 2019
 

 

Announcement Special Dividend Distribution after the sale of Telekom Albania

 

Athens, July 18, 2019 - Hellenic Telecommunications Organization S.A. ("OTE S.A." or the "Company") announces that, on 13.06.2019, the Company's Board of Directors, made a decision for the distribution of a special dividend amounting to €0.06000 gross per share, following the sale of Telekom Albania Sh.A. The final dividend amount that will be paid out will stand at €0.060595 gross per share, increased by the dividend corresponding to 4,711,000 own shares that will be held by the Company on July 22 2019 (ex-dividend date). The dividend is subject to a 10% withholding tax, in accordance with the applicable tax law provisions (art. 40 & 64 of Law 4172/2013 as in effect) with the exception or differentiation of such withholding for shareholders falling under special provisions. Therefore, the net amount of dividend which will be paid to Shareholders will be €0.0545355 per share.

 

On Monday, July 22nd, 2019 the Company's shares will trade ex-dividend.

Beneficiaries of the said dividend are the Shareholders registered in the Dematerialized Securities System "DSS" (of the company "HELLENIC EXCHANGES S.A. HOLDING, CLEARING, SETTLEMENT & REGISTRY (HELEX)" on Tuesday July 23rd, 2019 (Record Date). Payment of the dividend will commence on Friday, July 26th 2019.

 

The payment of the dividend will be conducted by PIRAEUS BANK as follows:

 

1. For those Shareholders who have authorized their operators to receive dividends, the collection will take place through the DSS operators and according to the distribution process defined in articles 13 par. 5 and 39 of the Regulation of Operation of DSS.

For shareholders who, for any reason, are unable to collect the dividend through their Operators as per the above, dividends will be payable through the branch network of PIRAEUS BANK, as of August 1st 2019.

 

2. For those Shareholders that do not wish to collect the dividends through their DSS operators, payment can be made to their International Bank Account Number (IBAN) declared by the Shareholder, in accordance with article 13 of the Regulation of Operation of DSS and the decision 6 of the BoD of ATHEXCSD. This is only applicable to Shareholders who have declared an IBAN to PIRAEUS BANK.

 

3. For those Shareholders who have not authorized their operators to collect the dividend on their behalf, or have revoked the authorization granted to their operators, or for Shareholders whose shares are kept in the Special Account of Investor Code in DSS, said dividend will be collected through the branch network of PIRAEUS BANK.

 

In order to receive their dividends through the PIRAEUS Bank's branches, Shareholders need to present their identification card along with the printout of the Code Number of Investor's Lot Number (Code Number in DSS). Payment to a third person is possible only if the person collecting presents a written authorization duly signed by the beneficiary Shareholder and ratified by competent authority; such authorization shall include both the collector's as well as the beneficiary Shareholder's  full personal details (full name, father's name, Identity or Passport number & Tax Registration Number).

 

For any further Information, the Shareholders may contact the Investors Relations Department, tel.: +30 210-6332342, 210-6113010, 210-6111121, e-mail: [email protected] [email protected], [email protected].    

 

The dividend payment will be carried out within the framework of the applicable provisions restricting cash withdrawals and movement of capital, as applicable.  

 

 

Any dividends that will not be collected within 5 years will be written off in favor of the Hellenic State.

 

This announcement is issued in accordance with Law 3556/2007 and the Athens Exchange Regulation (article 4.1.3.4).

 

 

 

FOR FURTHER INFORMATION:

OTE GROUP INVESTOR RELATIONS

Konstantinos Krokos

Manager/ Department of Financial Communication & Relations with Regulatory Authorities

Τel. + 30 210-6111121

Fax: + 30 210-6111030

E-mail: [email protected]


 

 

 

 

 

 


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