As it has been released, the ASE Board of Directors approved the non-adjustment of the share price, in cases of dividend distribution, i.e. the dividend is not deduced from the closing price on the day prior to the ex-dividend one.

This Decision satisfies the request of the listed companies, which was submitted to the ASE Administration by the Listed Companies' Association, the Hellenic Industry Association and the other members of the market, as the implementation of a more attractive dividend policy by the listed companies is possible, in the interest of the investors-shareholders.

This policy will enable investors to remain shareholders in each company for a longer time period with a long-term prospect. In the past, the dividend policy of the listed companies did not play an important role, in combination with the amount of the alternative returns. Thus, with the fixed income returns, as it happens in the mature markets, the dividend can be the initiative to investors, to buy and hold a share, as the dividend returns of the listed companies are often higher, than the fixed-income return. Regarding the non-adjustment of prices, this is not correct, as the ex-dividend date is released and yet is based on the daily fluctuation limits, which are valid for each share, can vary and reach the levels determined by the market forces.

The argument is that a considerable dividend (which forms long-term investors, stable shareholders of the Company) reflects the boosting increasing course of a company and is a sign that this developing course will continue.

Finally, this decision of the ASE enables the Greek Stock Market to get tuned in the developments of the mature Stock Markets, such as the London Stock Exchange, the Deutsche Boerse and the Australian Stock Exchange among others.