PAYMENT OF THE REMAINING DIVIDEND FOR THE FISCAL YEAR 2016
PAYMENT OF THE REMAINING DIVIDEND FOR THE FISCAL YEAR 2016
OPAP S.A. announces to its shareholders that, according to par. 4.1.3.4 of the Athens Stock Exchange Regulation, the 17th Annual Ordinary Shareholders General Meeting, held on April 27th, 2017 decided upon the distribution of a total dividend for the fiscal year 2016 of 0.72 euro per share. It is noted that the Company's Board of Directors had decided the distribution of a gross amount of 0.12 euro per share as interim dividend and the relevant payment was made to the shareholders on October 20th, 2016.
The remaining dividend for the fiscal year 2016 stands at a gross amount of euro 190,690,499.40 i.e 0.60 euro per share, excluding 1,182,501 own shares. The remaining dividend of the amount of 0.60 euro per share is subject to 15% withholding tax in accordance to L. 4387/2016, i.e. 0.09 euro per share. Therefore the net payable amount to the shareholders following the above mentioned tax withhold amounts to 0.51 euro per share.
OPAP's registered Shareholders on Wednesday, 03.05.2017 (record-date) are eligible to receive the payment. The cutoff date (i.e. the date from which the Company's shares will be traded on the Athens Exchange without the right to receive the remaining dividend) was set for Tuesday, 02.05.2017. The payment to entitled Shareholders commences on Tuesday, 09.05.2017 and will be processed through the Piraeus Bank, as follows:
1. Via the entitled shareholder's Dematerialized Security System's Operators (Banks, Custodians and Securities firms), according to Articles 4.1.3.4 of the ATHEX Regulation and article 39 of the Operations Regulation of the Central Securities Depository.
2. Via the Piraeus Bank branch network, for those of the Shareholders who have requested to be exempted from their Account Operator to the Dematerialized Securities System or whose shares are kept in their special investor's account.
3. Shareholders, who, for any reason, are unable to collect their dividend through their Account Operator, will be able to collect it through the Piraeus Bank branch network starting on 17.05.2017.
4. By depositing to the International Bank Account Number (IBAN), to which the investor has declared that they wish to receive the distributed amounts, according to article 13 of the Dematerialized Security System's Operations Regulation and to Decision 6 of ATHEXCSD' Board of Directors, as in force, to investors who do not wish to receive the distributed amounts through their Operators. This refers only to investors who have declared IBAN to Piraeus Bank S.A.
Dividend collection by the entitled shareholders for the abovementioned cases 2 and 3 will be possible either in person or by proxy (in which case the relevant proxy documentation will need to be submitted to the Company with certification of their signature) upon notification of the Investors' Account Code Account Number of the Dematerialized Security System and of proof of Identity.
For any further information, shareholders are requested to directly contact the Company's Investor Relations Team, tel.: +30 210 5798930.
It is clarified that the right to collect dividend disperses if not collected within a period of five (5) years from the end of the year that the corresponding right was born (Civil Code article 250, par. 15) and that following such term any relevant amount shall be reimbursed to the Hellenic Republic according to article 1 of legal decree 1195/1942.
ATHENS, 27.04.2017
OPAP S.A.