About Company
Athens Stock Exchange SA
52 53
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
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
Year in review
The year 2023 marked a significant and transformative period for the Athens Stock Exchange (ATHEX), characterized by remarkable growth in our capital market. When compared to the preceding year, 2022, ATHEX witnessed significant growth and progress across various areas. Notably, our General Index achieved an impressive 39.1% increase, securing the 2nd position globally among the largest international markets. This noteworthy performance can be attributed to several key factors.
Firstly, ATHEX significantly benefited from Greece's favorable economic climate. The nation's stable economic growth provided a robust foundation for our stock market's positive trajectory. Moreover, the outstanding performance of the Greek economy was further enhanced by strategic initiatives undertaken by the Stock Exchange. These initiatives included -among other things-an intensive international expansion strategy, featuring numerous international investment roadshows in collaboration with major investment organizations, such as JP Morgan, Morgan Stanley and HSBC.
Furthermore, 2023 witnessed a substantial increase in our market liquidity, with a remarkable surge of 50.6%. This heightened liquidity played a crucial role in attracting both domestic and international investors and increasing confidence in our market.
In 2023, despite overall positive performance, the Athens Stock Exchange (ATHEX) faced specific challenges, prompting proactive measures and innovation. Throughout the year, ATHEX pursued initiatives to enhance its market profile and attractiveness and advance innovation to meet evolving needs.
One complex project undertaken in 2023 focused on reshaping market regulations to enhance liquidity and facilitate new listings. To attain this objective, we have been working closely with regulatory authorities to implement measures aimed at boosting the activity in our capital market and increase its visibility, while simplifying the process and the requirements for new listings in both our Main and Alternative markets.
Another demanding project undertaken in 2023 was to enhance the profile and attractiveness of our markets. To this end, we have been proactively exploring opportunities to expand our international roadshows in collaboration with major investment institutions. Our strategic focus has been on major European capitals and the United States. These roadshows were instrumental in promoting companies listed on ATHEX and enhancing their attractiveness to global investors.
Additionally, we remained committed to advancing and modernizing our technological capabilities. This includes our ongoing efforts to provide cutting-edge trading and post-trading services, ensuring that ATHEX continues to meet the evolving needs of all market participants.
In terms of achieving set goals, ATHEX made significant progress in 2023.
We achieved several significant milestones, reflecting our commitment to growth and market development.
The Federation of Euro-Asian Stock Exchanges