The Federation of Euro-Asian Stock Exchanges
Athens Stock Exchange SA
Year in review
42 43
DIVIDEND RECORD DATE/EX-DATE
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.
IS THE CSD RESPONSIBLE FOR DIVIDEND PAYMENTS DISTRIBUTION TO SHAREHOLDERS?
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.
PAYMENTS OF DIVIDENDS, COUPONS, UNUSED RIGHTS ETC.
The payment is performed by the Paying Bank. 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.
RECORD DATE/EX-DATE
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).
STOCK SPLITS / REVERSE STOCK SPLITS
The stock split/reverse stock split procedures are automated and performed by the CSD.
IS TRADING/SETTLEMENT SUSPENDED IN CASE OF CORPORATE EVENTS AND IF YES, FOR HOW LONG?
In case of reverse stock splits the trading is suspended for 3 (trading) days.
IS THERE AN AUTOMATIC ORDER DELETION AT THE END OF DIVIDEND RECORD DATE?
No, orders placed in the trading system are not affected at all by corporate actions.
ARE OTHER CORPORATE EVENTS POSSIBLE?
IPOs, other types of capital increases/decreases like stock options, conversions, mergers, warrants exercise, etc
About Company
Established: 1876
Chairman: Mr. George Handjinicolaou
Address: 110 Athinon Avenue, 104 42,
Athens, Greece
Contact person: Nikolaos Porfyris
Email: [email protected]
Website: www.athexgroup.gr
- Joined FEAS in 2017-
Yianos Kontopoulos
Chief Executive Officer
For the Athens Stock Exchange, 2021 has been an exceptional year in terms of raising funds (8 billion EUR). Particularly important is the fact of the presence of two Greek shipping issuers among the seven new bond issuers. This indicates that this market is becoming a reliable fundraising venue and can satisfy international needs. Additionally, three new equity listings took place, while there were significant rights issues from listed companies.
During 2021, the Hellenic Capital Market Commission successfully completed the licensing process of ATHEXCSD under CSDR. This marks a whole new era for our post-trading activities while the necessary adjustments improve market practices regarding ATHEXCSD settlement services. At the same time the Axia e-shareholding meeting services were provided to more than 90 issuers and included the full suite of remote and proxy voting, identification of shareholders in accordance to the Shareholders Rights Directive II (SRD II) and remote participation in general assemblies.
ATHEX also made efforts to raise awareness and the potential benefits for issuers on ESG issues by promoting the importance of the organized disclosure in accordance to the ATHEX ESG Guide. Important achievements for this year included, among others, the creation of the ATHEX ESG Index (comprising of 49 companies) and the creation of the ATHEX BONDS GREENet, an information section on the official website promoting the ESG bonds listed and traded in ATHEX. The Group's action plan also included the organization of workshops and seminars to issuers, the collection and confirmation of non-financial information data from listed companies as well as the release of the updated 2021 Hellenic Corporate Governance Code, in collaboration with the Hellenic Corporate Governance Council.
In the international and infrastructure support aspect of our business, we smoothly implemented ongoing projects and collaborations with Boursa Kuwait, Cyprus Stock Exchange (CSE), Hellenic Energy Exchange and DESFA (the gas TSO in Greece). A very important achievement for this year has been the establishment of new co-operations with Exchanges of South-East Europe. We have signed the agreement and are now working with BELEX (Serbia) to include it in the ATHEX-CSE Common Trading Platform. Along with Hellenic Energy Exchange Group, we are co-operating with ALPEX (Albania) to implement an Intraday and Day-Ahead Market in spot electricity along with a clearing solution. We have also signed our co-operation agreement with BSE (Bulgaria) for financial derivatives launch for trading and clearing in our existing infrastructure. These projects contribute to the strategic goal of ATHEX Group to build regional partnerships that can efficiently address the intensifying challenges requiring larger liquidity pools and enhancing the offering to issuers and market participants.