ELLAKTOR S.A.
PRESS RELEASE
PRESS RELEASE
ORDINARY GENERAL SHAREHOLDERS MEETING
ELLAKTOR SA
Given the current circumstances of the Greek and global economy, the Group?s strategy focuses on those economic areas where it is already established and has a competitive edge: construction, concessions, environment, and renewable energy sources. The Group's competitive edges are:
Established base of co-financed projects: Large concession projects that are fully operational (Attiki Odos, Rio-Antirio Bridge) ensure high profitability, while their returns remain relatively unaffected by the current economic circumstances. Furthermore, the construction of three new motorways under concession contracts and secured financing is in progress, and tolls are already being collected.
High backlog in Greece and abroad: The construction activity through AKTOR and its subsidiaries demonstrates a backlog of €3 bn, of which €1bn corresponds to operations abroad. The company has already gained significant experience and established its presence in the Middle East and the Balkans, and aims at expanding its activities abroad. In parallel, vertically integrated construction through the Group's quarries ensures economies of scale. High potential, environment and energy-related activities: Over the recent years, the Group has established a leading position in the domestic market, in the field of waste management, at the same time having a significant presence in the generation of energy from renewable sources. These areas generate significant revenues and high profit margins, while they demonstrate very good growth prospects.
With regard to mineral wealth, obtaining a licence for the Halkidiki Mines should give new boost.
Credit rating: The Group's credit rating remains high, which ensures financing for its plan.
These are the issues emphasized, amongst others, at the Ordinary General Shareholders Meeting of ELLAKTOR which took place today June 25, at the
Group's business headquarters.
Dividend
The dividend that will be distributed by ELLAKTOR to its shareholders for the fiscal year 2009, as this was decided by the today general meeting, is euro 0.10 per share, that will be augmented by the dividend corresponding to the Company's own shares, so the total dividend that will be collected by the shareholders amounts to euro 0.102650 per share. Of the above amount, pursuant to law 3697/2008, a 10% tax is being withheld and therefore the net amount of dividend per share to be paid will be euro 0.092385. Eligible to receive the dividend, according to the rule of determining the beneficiaries (record date), are company shareholders that existing in the D.S.S. system as at 1.7.2010. As of 29.6.2010, the company shares will be traded in the Athens Exchange without the right to the dividend. The dividend payment day is set at 7.7.2010. The payment of the dividend will be realized according to the procedures determined by article 5.5 of the Athex Rulebook and the specifics determined in the Dematerialized Securities System Rulebook. ALPHA BANK has been authorized to pay the dividend.
ORDINARY GENERAL SHAREHOLDERS MEETING
ELLAKTOR SA
Given the current circumstances of the Greek and global economy, the Group?s strategy focuses on those economic areas where it is already established and has a competitive edge: construction, concessions, environment, and renewable energy sources. The Group's competitive edges are:
Established base of co-financed projects: Large concession projects that are fully operational (Attiki Odos, Rio-Antirio Bridge) ensure high profitability, while their returns remain relatively unaffected by the current economic circumstances. Furthermore, the construction of three new motorways under concession contracts and secured financing is in progress, and tolls are already being collected.
High backlog in Greece and abroad: The construction activity through AKTOR and its subsidiaries demonstrates a backlog of €3 bn, of which €1bn corresponds to operations abroad. The company has already gained significant experience and established its presence in the Middle East and the Balkans, and aims at expanding its activities abroad. In parallel, vertically integrated construction through the Group's quarries ensures economies of scale. High potential, environment and energy-related activities: Over the recent years, the Group has established a leading position in the domestic market, in the field of waste management, at the same time having a significant presence in the generation of energy from renewable sources. These areas generate significant revenues and high profit margins, while they demonstrate very good growth prospects.
With regard to mineral wealth, obtaining a licence for the Halkidiki Mines should give new boost.
Credit rating: The Group's credit rating remains high, which ensures financing for its plan.
These are the issues emphasized, amongst others, at the Ordinary General Shareholders Meeting of ELLAKTOR which took place today June 25, at the
Group's business headquarters.
Dividend
The dividend that will be distributed by ELLAKTOR to its shareholders for the fiscal year 2009, as this was decided by the today general meeting, is euro 0.10 per share, that will be augmented by the dividend corresponding to the Company's own shares, so the total dividend that will be collected by the shareholders amounts to euro 0.102650 per share. Of the above amount, pursuant to law 3697/2008, a 10% tax is being withheld and therefore the net amount of dividend per share to be paid will be euro 0.092385. Eligible to receive the dividend, according to the rule of determining the beneficiaries (record date), are company shareholders that existing in the D.S.S. system as at 1.7.2010. As of 29.6.2010, the company shares will be traded in the Athens Exchange without the right to the dividend. The dividend payment day is set at 7.7.2010. The payment of the dividend will be realized according to the procedures determined by article 5.5 of the Athex Rulebook and the specifics determined in the Dematerialized Securities System Rulebook. ALPHA BANK has been authorized to pay the dividend.