The Federation of Euro-Asian Stock Exchanges
Athens Stock Exchange SA
Year in review
48 49
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
2022 has been a challenging year for the Athens Stock Exchange, as we had to face the tough geopolitical and market conditions created by the war in Ukraine, Europe’s energy crisis and the rising inflation, which had a significant impact on most financial markets worldwide. Despite these difficulties, the Greek stock market performed much better than most regional or international markets, driven mostly by the growth of the Greek economy. Overall, the ATHEX Composite Index in 2022 increased by 4.1%, outperforming most major global and regional indices.
Despite the difficult macroeconomic environment, at Athens Stock Exchange, we have remained committed to our mission of strengthening the role of capital markets to the Greek economy, and we have worked actively throughout the year with all ecosystem stakeholders to improve our market’s competitiveness and adaptability. Our new results-oriented strategy focusing on extroversion and digital transformation, and our team’s hard work and dedication, have helped us to overcome the adversity and laid the foundation for the growth of the Group. To strengthen our growth momentum and attract new investments in the Greek capital market, in 2022 we organized multiple extroversion activities in various geographies, such as investors roadshows and conferences promoting the Athens Stock Exchange in partnership with major investment firms. Overall, in 2022, we managed to strengthen our financial position both in terms of revenue and EBIT, while we also increased the daily trading activity of our market, and the overall market capitalization as well.
Building on the experience we gained in the past twelve months, in 2023, we will continue to focus on extroversion, digital innovation and the enhancement of our services to boost our market’s activity and we are pleased to observe the sustained growth momentum of the Athens Stock Exchange in the first quarter of 2023.