Participation in Alter Ego Media’s scrip dividend program has reached 85%, another “vote of confidence” in the ATHEX-listed company’s strategic planning. Specifically, 396 shareholders choose to reinvest their dividends from the financial year 2024, a sum reaching 4.605 million euros.
Investors’ ‘nod’ to Alter Ego Media
The high response for the scrip dividend program reinforces the confidence that investors have shown in Alter Ego Media, which proceeded to strengthen its capital by the admission to trading of 1,096,542 new common, dematerialized, registered voting shares, with a nominal value of €1.00 each. The company will use the raised funds to implement its strategic plan and strengthen its working capital.
The certification of the partial payment of the Share Capital Increase amount was acknowledged, in accordance with article 20 paras. 4, 6, and 7 and article 28 of Law 4548/2018, i.e. in the amount of €1,096,542 out of €1,353,655 of the Share Capital Increase, and the reinvestment through participation in the Share Capital Increase totaling €4,605,476.40 (of which €3,508,934.40 is credited to the “Par amount difference” account). As such, the company’s share capital is now €58.092.542, demonstrating its steady and sustained growth in the market.
The issuance of the new shares and their trading will take place in the coming days and will be announced in a new update.
The outlook for 2025
It should be noted that a general assembly meeting of Alter Ego Media shareholders had approved the distribution of a dividend of €0.10 per share, with the possibility of reinvestment, with acquisitions, participations, investments in technology and new content production being at the center of strategic planning.
As CEO Ioannis Vrentzos stated at the recent annual general meeting of shareholders, 2024 was a milestone for the Group, with the listing on the stock exchange generating net capital of €50.8 million and with a positive impact on all key indicators. The company’s management is optimistic for 2025, forecasting an increase in turnover, a reduction in operating expenses and a strengthening of net profitability.
The entire announcement by the company can be found here:
Regulated Information – ALTER EGO MEDIA
Source: tovima.com
