The possibility of acquiring shares instead of receiving a dividend for this year's use will be discussed by the shareholders of OPAP during the Ordinary General Meeting to be held on 22 May. Specifically, the approval of a five-year dividend reinvestment program (2019 - 2023) and the provision of power to the Company's Board of Directors for an extraordinary increase in the share capital of the Company associated with this scrip dividend are foreseen.
Also, the Board of Directors of OPAP will propose to the Annual Ordinary General Meeting of Shareholders the distribution for the use of 2018 total dividend 0,70 per share before deduction of tax. Taking into account the existing distribution of an interim dividend amounting to Euro 0,10, the remaining dividend will be 0,60 euro.
It is recalled that 2018's net profits for 143,3 amounted to 13,7 million, increased by 38,1% compared to the previous year. At the fourth quarter, the Agency's net profits amounted to 4 million (Q2017 32,9: 15,8 million), recording an increase of 17,5% year-on-year, despite the € 2018. from the impairment of Neurosoft's goodwill. 39,4 adjusted quarterly earnings increased by XNUMX%.
In detail, the issues to be discussed at the Ordinary General Meeting:
Subject 1: Submission and approval of the Company's consolidated and consolidated financial statements for the nineteenth (19) business year (from 1 January 2018 to 31 December 2018) of the Company, as well as the relevant reports of the Board of Directors and the Certified Auditors.
Topic 2: Approval of a nineteenth (19) corporate profit distribution (from 1 in January 2018 to 31 in December 2018).
Subject 3: Adopt a five-year dividend reinvestment program (2019 - 2023) (scrip dividend).
Item 4: Assigning power to the Company's Board of Directors for an extraordinary increase in the share capital of the Company on the above 3 issue.
Subject 5: Approval of distribution of part of the Net Profit for the financial year 2018 of the Company to Executive Members of the Board of Directors and other Senior Executives of the Company.
Subject 6: Approval of the Company's overall management in accordance with the 108 / 4548 Law 2018 as applicable and the exemption of the Company's Chartered Auditors from any liability for compensation for the nineteenth (19) corporate use (from 1 January 2018 to 31 December 2018).
Subject 7: Approval of the Board of Directors' Fees and Fees for the nineteenth (19) corporate use (from 1 January 2018 to 31 in December 2018) according to 24 article of KN 2190 / 1920.
Subject 8: Approval of the Company's Return Policy according to 110 par. 2 of the 4548 / 2018 Law, as in force.
Subject 9: Pre-approval of payment of compensation and remuneration to the Members of the Company's Board of Directors for the current twentieth (20) business year (from 1 January 2019 to 31 December 2019), as well as authorization for advance payment of the remuneration to the Members of the Company's Board of Directors for the period up to the next ordinary general meeting, in accordance with 109 Article 4548 / 2018, as in force.
Issue 10: Election of Chartered Auditors for the audit of the Company's financial statements for the current twentieth (20) business year (from 1 January 2019 to 31 in December 2019) and for the issue of the annual tax report.
Subject 11: Licensing, pursuant to 98 1 paragraph 4548 / 2018 as applicable, to the Members of the Board of Directors and to the executives and directors of the Company's Boards for their participation in the Boards of Directors or the management of the subsidiaries and related companies of the Group.
Subject 12: Provision of a special license for the preparation of contracts with affiliated parties by the Company up to 31 in December 2018 according to article 23a of Cod. 2190 / 1920.
Subject 13: Authorization to acquire own shares of the Company in accordance with the articles 49 and 50 of the 4548 / 2018 Law, as in force.
Subject 14: Adaptation of the provisions of the Company's Articles of Association to the new corporate law 4548 / 2018, as in force, and additional amendments to the provisions of the Articles of Association of the Company.
In the event that the required quorum is not achieved, the Repeat General Meeting of the Shareholders will take place on 3, June 2019, Monday and 14: 00, at the offices and headquarters of the Company, at Athens Avenue, 112 Number, Athens, Attica .
In the case of a Repeat Ordinary General Meeting, no new invitation will be published.