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Kleemann: Press Release


The General Assembly of Kleemann Hellas SA approved the distribution of dividend of 0,05 € (gross amount) per share from the taxed profits of previous years. Consequently, the dividend yield based on the current level stock price is 4.76%. 

The date of determination of the beneficiaries of the dividend is set to be Friday July 15th 2011. The beneficiaries of the dividend are those persons registered in the records of the DSS on the above-mentioned date of determination of beneficiaries (record date). The ex date is set to be Wednesday July 13th 2011. The payment of the dividend of the financial year 2010 will start on Thursday July 21st 2011. 

During the General Assembly there was a unanimous approval of the Companys Annual Financial Statements, for the fiscal year 01.01-31.12.2010, as well as of the Board of Directors and the Auditors Reports for the same period. 

For adjustment and alignment purposes with the Law 3884/2010 and the relevant European Directive, the General Assembly approved the amendment of Articles of Association of the Company (art. 16, 17, 18, 20 and 22) that refer to the provision of information and the rights of shareholders. 

The Chairman of Kleemann Mr. Nikolaos Koukountzos expressed his cautious optimism about the current financial year, since the penetration into new markets and the continued export markets sales growth offset the bad trend of the Greek market. At the same time, as noted, the companys management emphasizes the containment of production costs and further optimization of the operating structures and procedures.

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