According to the Greek Law, the minimum dividend that is paid annually to the shareholders of the company, can not be less than 35% of Earnings before Taxes, excluding any corporate liabilities, official reserves and the relating tax liabilities, or 6% of the paid in capital, each among two is higher. The approved amount should be paid to the shareholders through 2 months from the decision of General Assembly that approved the annual financial statements.
Higher distribution of dividends will remain decision of the Annual General Assembly and depends on factors such as the profitability of the company, the investment and financing needs.
The proposal of the BOD to the General Assembly will be the distribution of dividend coming from the account “Retained earnings”, of total amount € 1.771.000, that corresponds to € 0.23 per share.