April 28, 2024

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Increase profits for this year

Increase profits for this year

CEO of HelleniQ Energy, Andreas Siamese, expects an increased dividend payment for 2023, in the context of the extraordinary general meeting of shareholders, held today.

Specifically, Mr. Siamesis said: “2023 was a good year. I believe that in February 2024, when we will see the results of the year, there will be a proposal to increase the dividend.”

The General Assembly approved by 95.26% to amend the company’s bylaws, so that the state appoints 3 instead of 4 members to the Board of Directors, due to its contribution to the company’s capital after the private offering that was recently launched was completed, and decreased to less than 35% (specifically to 31.18% ).

When asked about the fact that some new shareholders liquidated their participation immediately, the group CEO said that 70% to 80% of the new shares were directed to investment funds, some of which had already chosen to sell relatively immediately. “It's a tactic we see in almost all trading. So one is guaranteed a profit, and on the other hand, at the same time, the liquidity of the stock increases as new shares enter the market. We have seen that many investors, who if they fail in the private placement, “They're trying to find stocks in the market.”

Mr. Ciamisi stated that there is currently no thought of purchasing his own shares, with regard to the sale of the Lukoil refinery in Bulgaria. He reiterated that the company is monitoring developments and will react depending on how things develop. He also stated that there is currently no plan to acquire The refinery in question.

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Source: GDPR-GDP