Hellenic Bank: Indicative results 2006 – Proposed div of 4 cents – Ex-div on 11/6
22/2/2007 10:01
Indicative/preliminary results for 2006 / Proposal for final dividend 2006 and revised targets of STRATEGIC Plan 2007 – 2009 – Final dividend of 4 cents (€0.069) – Possible reinvestment of final dividend in bank’s shares with a discount of 12%
Further to the meeting of the Board of Directors of Hellenic Bank Public Company Ltd held on February 21, 2007, we attach the indicative/preliminary results for the financial year ended December 31, 2006.
The Board of Directors also decided to propose to the Annual General Meeting the payment of a final dividend of 4 cents (€0.069*) for 2006, which, together with the interim dividend of 2 cents paid in December 2006, increases the total dividend for 2006 to 6 cents (€0.104*) per share.
* Calculated on the basis of € = £0.5792
The cum-dividend date will be on June 8, 2007, while the ex-dividend date will be on June 11, 2007.
As a result, transactions carried out until Friday, June 8, 2007 (inclusive) will be cum-dividend.
Given that it will be approved by the Annual General Meeting, the final dividend will be paid on July 9, 2007.
The Board of Directors also decided that the shareholders have the right to reinvest the net sum of the final dividend or part of the dividend in bank’s shares. The basis for the reinvestment pursuant to the Company’s Article of Association will be the average price of the share, that is, the average closing price of the share in the CSE in the first five business days of its trading from the ex-dividend date minus the discount of 12%.
It is noted that the warrant holders (warrants 2003/2007) who will exercise their warrants by June 8, 2007, will be entitled to a final dividend.
The indicative results for 2006 together with the explanatory report and the revised targets of the Three-year Strategic Plan 2007 – 2009 will be published in newspaper “Simerini” on Friday, February 23, 2007 and other newspapers on February 23 – 28, 2007.
Further to the meeting of the Board of Directors of Hellenic Bank Public Company Ltd held on February 21, 2007, we attach the indicative/preliminary results for the financial year ended December 31, 2006.
The Board of Directors also decided to propose to the Annual General Meeting the payment of a final dividend of 4 cents (€0.069*) for 2006, which, together with the interim dividend of 2 cents paid in December 2006, increases the total dividend for 2006 to 6 cents (€0.104*) per share.
* Calculated on the basis of € = £0.5792
The cum-dividend date will be on June 8, 2007, while the ex-dividend date will be on June 11, 2007.
As a result, transactions carried out until Friday, June 8, 2007 (inclusive) will be cum-dividend.
Given that it will be approved by the Annual General Meeting, the final dividend will be paid on July 9, 2007.
The Board of Directors also decided that the shareholders have the right to reinvest the net sum of the final dividend or part of the dividend in bank’s shares. The basis for the reinvestment pursuant to the Company’s Article of Association will be the average price of the share, that is, the average closing price of the share in the CSE in the first five business days of its trading from the ex-dividend date minus the discount of 12%.
It is noted that the warrant holders (warrants 2003/2007) who will exercise their warrants by June 8, 2007, will be entitled to a final dividend.
The indicative results for 2006 together with the explanatory report and the revised targets of the Three-year Strategic Plan 2007 – 2009 will be published in newspaper “Simerini” on Friday, February 23, 2007 and other newspapers on February 23 – 28, 2007.
