Yearbook 2019
Organization Overview
Hellenic Exchanges - Athens Stock Exchange (ATHEX) is the parent company of the Group that support the operation of the Greek capital market. The parent company and its 100% subsidiaries ATHEXClear and ATHEX CSD operate the organized cash and derivatives markets, carry out trade clearing, settlement and registration of securities, provide comprehensive IT solutions to the Greek capital market and promote the development of capital markets culture in Greece.
Through the Hellenic Corporate Governance Council (HCGC) - a collaboration with the Hellenic Federation of Enterprises - the Group provides corporate governance know-how and monitors the implementation of the Hellenic Corporate Governance Code.
Corporate Action
The dividend record date is defined, at the earliest, on the second day after the date of the GSM where the decision for dividend distribution is voted.
The ex-date is defined as the previous day of the record date.
The issuer receives from the CSD the Registry of the Record date and the payment is performed by the Payment Bank that has been selected by the issuer.
The data to the Payment Bank (i.e. the amount per ATHEXCSD Operator) is provided by ATHEXCSD at the same time that the Registry is provided to the Issuers.
Capital increase with rights
When a listed company raises capital, all existing shareholders are granted subscription rights.
Each existing share entitles to one right. Each right can be used for subscription of such amount of shares so the shareholder can retain their pre increase stake in case all rights are used up.
The record date is defined, at the earliest, on the second day after the date of the GSM decision. The ex-date is defined the previous day of the record date.
Rights are traded on the exchange within a timeframe defined in the prospectus (minimum and maximum number of days apply).
The stock split/reverse stock split procedures are automated and performed by the CSD.
In case of reverse stock splits the trading is suspended for 3 (trading) days.
No, orders placed in the trading system are not affected at all by corporate actions.
IPOs, other types of capital increases/decreases like stock options, conversions, mergers, warrants exercise, etc.
Athens Stock Exchange SA
Socrates Lazaridis
Chief Executive Officer
About Athens Stock Exchange SA
Established: 1876 (Listed in ATHEX since Aug 21, 2000)
Chairman: Mr. George Handjinicolaou
CEO: Mr. Socrates Lazaridis
Address: 110 Athinon Avenue, 104 42,
Athens, Greece
Contact person: Leonidas Papadopoulos
Email: [email protected]
Website: www.athexgroup.gr
Key Highlights of the year 2016 2017
55
In celebration of International Women's Day, the Athens Stocks Exchange hosted an opening bell ringing ceremony, as part of a global collaboration across 85 stock exchanges that planned to "Ring the Bell for Gender Equality". The events, now in their fifth iteration, are a partnership between IFC, Sustainable Stock Exchanges (SSE) Initiative, UN Global Compact, UN Women, the World Federation of Exchanges and Women in ETFs, to raise awareness about the business case for women's economic empowerment and the opportunities for the private sector to advance gender equality and sustainable development. In addition to the bell ringing events, the bell ringing partner organizations applaud the work done to date, and encourage stock exchanges to take further action to improve gender equality in their
markets. The bell was rung by top women executives and board members of the Athens Stock Exchange and the Hellenic Energy Exchange, and the aim of this event was to bring attention to the urgency of gender equality and women's economic empower-ment.
The 3rd Annual Conference on Financial Literacy was held today under the auspices of the Athens Stock Exchange. The well-established support of the Athens Stock Exchange for the Conference on Financial Literacy falls within the framework of the activities related to raising the awareness and educating citizens on the area economic studies and the institution of the Stock Exchange with the aim of creating a new generation of informed and financially responsible citizens.
The Conference was organised by Nikolaos Philippas, Professor of Finance and Chairman of the Hellenic Financial Literacy Institute, with the aim of raising awareness for the growing significance of financial literacy and implementing the necessary actions to reinforce it, especially in the more vulnerable groups of the population.
Year in review...
In 2019, the Athens General Index exhibited one of the best performances among western markets. After many years of economic crisis, investor sentiment is gradually improving.