Hellenic Bank declares 4 cent final dividend

Hellenic Bank Pcl (HB) has declared a final dividend of 4 Cyprus cent or 6.9 euro cent for 2006, which, together with the interim dividend of 2 cents paid in December 2006, increases the total dividend for 2006 to 6 cents or 10.4 euro cents per share. 

The cum-dividend date will be on June 8, 2007, while the ex-dividend date will be on June 11, 2007. 

As a result, transactions carried out until Friday, June 8, 2007 (inclusive) will be cum-dividend. 

Given that it will be approved by the Annual General Meeting, the final dividend will be paid on July 9, 2007. 

The Board of Directors also decided that the shareholders have the right to reinvest the net sum of the final dividend or part of the dividend in bank’s shares.  The basis for the reinvestment pursuant to the Company’s Article of Association will be the average price of the share, that is, the average closing price of the share in the CSE in the first five business days of its trading from the ex-dividend date minus the discount of 12%. 

It is noted that the warrant holders (warrants 2003/2007) who will exercise their warrants by June 8, 2007, will be entitled to a final dividend.