Ellinas Finance shareholders have approved a dividend of 1.75 cents per share, marking a distribution of 3.9 per cent of the nominal value of €0.45. This decision was made during the company’s annual general meeting held on Thursday.
Dividend Details and Timeline
The approved dividend will be available to shareholders until July 3, 2026, and the ex-dividend date is scheduled for July 6, 2026. Beneficiaries will include those registered in the company register or holders of securities through over-the-counter sales transfers completed by the archive date of July 7, 2026. Payment will be issued in euros, with cheques expected to be dispatched by July 28, 2026.
Meeting Highlights and Board Changes
During the annual general meeting, shareholders were presented with the directors’ report alongside the annual financial report for the 2025 fiscal year. Significant board changes were also announced. Board members Nearchos Petrides and Philippos Papadopoulos resigned from their positions but were re-elected by the assembly. Similarly, Constantinos Servos and Evi Rossidou Antoniadou also stepped down and were subsequently re-elected.
Director Remuneration and Policy Updates
In a move to maintain stability, the assembly decided that the remuneration for each non-executive director for the year 2026 shall remain unchanged at €4,200. However, one non-executive director with enhanced duties will receive an annual remuneration of €30,000. Shareholders approved a revised remuneration policy for members of the board and directors of the company.
Annual Remuneration Report and Auditor Reappointment
The assembly reviewed the annual remuneration report for 2025, which detailed the compensation for the board and management. This report was thoroughly explained and put to an advisory vote. Additionally, the assembly concluded by reappointing Baker Tilly Klitou and Partners Ltd as the company’s auditors for the upcoming year, authorising the board to determine their fees for 2026.
Looking Ahead
With the approval of the dividend and the reappointment of key board members and auditors, Ellinas Finance is poised to maintain its operational stability and continue its strategic initiatives. Shareholders can expect consistent communication regarding the company’s performance and future plans as they approach the upcoming fiscal year.
