Dimitra Holdings paid a dividend of €20 million on September 29, however, there are still cases of shareholders who have not received their checks, mainly due to incorrect contact information.
At the same time, questions are arising regarding shares that remain in the names of deceased individuals, as well as the possibility of a new dividend distribution by the company.
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
Speaking to AlphaNews.Live, Dimitra’s CEO, Athos Chandriotis, confirmed that the payment process has been completed, clarifying, however, that some checks were returned to the company because the beneficiaries’ addresses listed in the Cyprus Stock Exchange (CSE) registry were incorrect.
“All the checks were mailed. There are some for which the address in the registry maintained by the Stock Exchange Depository was incorrect, and they were returned. But the overwhelming majority have been delivered,” he noted.
It should be noted that the dividend, which was approved at the company’s Annual General Meeting on June 30, 2026, amounts to €0.10 per share, with the total amount reaching €20 million. Eligible recipients are those who were registered in the shareholder registry as of July 9, 2026.
For example, a holder of 1,000 shares is entitled to a gross dividend of €100, while for 5,000 shares the corresponding amount is €500, before any applicable withholdings.
What Should Shareholders Who Have Not Received Their Checks Do?
According to the guidelines published by Dimitra, shareholders who have not received their check may contact the company directly so that their situation can be investigated.
If a check has been lost or destroyed, there is a procedure for canceling and reissuing it, following the necessary verifications. For changes to their address or other registration details, investors should contact the CSE or, where applicable, their designated broker.
The company also clarifies that it does not accept checks at its offices, nor does it allow payment to be made via bank transfer simply by providing an IBAN number.
For payment-related inquiries, interested parties may contact Dimitra at 22 818222 or via email at [email protected].
Please note that the procedure is different for those who hold their shares through a brokerage firm or custodian, as in these cases the dividend is paid through the respective intermediary, without the need to receive a mail-in check.
What applies to heirs
A special case involves shares that remain registered in the names of deceased individuals.
When asked about the percentage of shareholders who have passed away and the difficulties heirs may face, Mr. Chandriotis stated that he did not have relevant data, referring to the Stock Exchange regarding procedures related to the registry.
“The Stock Exchange should answer that, because all changes concerning the Central Securities Depository—that is, shareholder information—are made there,” he noted.
He also emphasized shareholders’ obligations regarding the updating of their personal information. “My view is that when you are a shareholder in a company, you also have certain obligations. You must monitor and update your information,” he said.
It should be noted, however, that in an announcement on November 5, the CSE clarified the division of responsibilities. The Stock Exchange is responsible for maintaining the Central Securities Depository and Registry and for share transfers due to inheritance, but not for the issuance or reissuance of dividend checks.
To collect dividends owed to deceased shareholders, heirs must contact the listed company directly. The CSE also acknowledged that it is receiving a particularly large number of requests due to the dividend distribution by Dimitra, noting that it is making every effort to process them within a reasonable timeframe.
SEE ALSO: Dimitra Dividend: What Happens to Checks Issued to Deceased Individuals and When Is a Broker Required
As explained on the Alpha Enimerosi program by the Head of the Central Securities Depository and Registry of the CSE, Angeliki Fragou, for shares with a total value of less than €2,000, the transfer to the heirs can be processed by the Stock Exchange without the need to appoint a brokerage firm. The threshold applies to the total value of the deceased’s shares and not to the amount attributable to each heir.
The transfer requires relevant supporting documents, such as a death certificate and a tax exemption certificate from the Tax Department; where an estate administrator has been appointed, the relevant court order is also required.
The CSE fee for transfers due to death amounts to 0.075% of the value of the shares, with a minimum fee of €20 per heir for the first security. For his part, the President of the Pan-Cyprian Association of Investment Services Companies, Marios Salides, estimated that the process through a brokerage firm could cost approximately €100, including the relevant procedures and certifications.
Will there be a new dividend?
Regarding the possibility of resuming dividend payments, Dimitra’s CEO declined to make any predictions, noting that such information cannot be disclosed selectively.
Referring to the company’s overall performance, Mr. Chandriotis emphasized that management’s top priority remains creating value for shareholders.
“Our job is to focus on the company, with the ultimate goal of creating value for shareholders. That is our mission here,” he stated.
In fact, he referred to the stock’s performance in recent years and the transaction with Eurobank, arguing that this development contributed significantly to strengthening its value.
“For many years, this stock traded around 20–30 cents, 35 cents. Then we completed the transaction with Eurobank, and it rose to €1.84. As I’ve said, our goal and our constant concern is to create value for shareholders,” he said.
In conclusion, he described Dimitra as a company with a “very healthy balance sheet,” noting that every shareholder and investor is encouraged to evaluate the data, consult with appropriate experts, and make their own decisions.
It is worth noting that the 2026 dividend distribution is only the second in the company’s history, as Mr. Chandriotis confirmed that the first dividend was paid in 2007. The next time a dividend was paid was in 2026.
