IMPROVED BoD PROPOSAL REGARDING THE DIVIDEND DISTRIBUTION FOR FY 2014
ANNOUNCEMENT
IMPROVED BoD PROPOSAL REGARDING THE DIVIDEND DISTRIBUTION FOR FY 2014
OPAP S.A., announces that the Company's BoD proposes to the April 20th, 2015 Annual Shareholders General Meeting, an increased gross dividend of euro 0.70 per share (including a euro 0.20 interim dividend that has already been distributed) vs. euro 0.45 per share that was the BoD's previous recommendation. The updated proposal marks a 180% increase compared to FY 2013 euro 0.25 per share dividend.
The revised proposal comes mainly as the result of the subsidiary company Hellenic Lotteries S.A.'s (OPAP's participation at 67%) decision regarding a capital return to its shareholders.
It is noted that the cut-off date (April 22nd), the record date (April 23rd) and payment date (April 29th) for the dividend distribution remain the same.
The Company will further inform the investment community on the dividend distribution details, following the Annual General Meeting resolutions.
ATHENS, 14.04.2015
OPAP S.A.