Yearbook 2017
Organization Overview
Hellenic Exchanges - Athens Stock Exchange (ATHEX) is the parent company of the Group that support the operation of the Greek capital market. The parent company and its 100% subsidiaries ATHEXClear and ATHEX CSD operate the organized cash and derivatives markets, carry out trade clearing, settlement and registration of securities, provide comprehensive IT solutions to the Greek capital market and promote the development of capital markets culture in Greece.
Through the Hellenic Corporate Governance Council (HCGC) - a collaboration with the Hellenic Federation of Enterprises - the Group provides corporate governance know-how and monitors the implementation of the Hellenic Corporate Governance Code.
Corporate Action
The dividend record date is defined, at the earliest, on the second day after the date of the GSM where the decision for dividend distribution is voted.
The ex-date is defined as the previous day of the record date.
The issuer receives from the CSD the Registry of the Record date and the payment is performed by the Payment Bank that has been selected by the issuer.
The data to the Payment Bank (i.e. the amount per ATHEXCSD Operator) is provided by ATHEXCSD at the same time that the Registry is provided to the Issuers.
Capital increase with rights
When a listed company raises capital, all existing shareholders are granted subscription rights.
Each existing share entitles to one right. Each right can be used for subscription of such amount of shares so the shareholder can retain their pre increase stake in case all rights are used up.
The record date is defined, at the earliest, on the second day after the date of the GSM decision. The ex-date is defined the previous day of the record date.
Rights are traded on the exchange within a timeframe defined in the prospectus (minimum and maximum number of days apply).
The stock split/reverse stock split procedures are automated and performed by the CSD.
In case of reverse stock splits the trading is suspended for 3 (trading) days.
No, orders placed in the trading system are not affected at all by corporate actions.
IPOs, other types of capital increases/decreases like stock options, conversions, mergers, warrants exercise, etc.
Athens Stock Exchange SA
Mr. Socrates Lazaridis
CEO of ATHEX
About Athens Stock Exchange SA
Established: 1876 (Listed in ATHEX since Aug 21, 2000)
Chairman: Mr. George Handjinicolaou
CEO: Mr. Socrates Lazaridis
Address: 110 Athinon Avenue, 104 42,
Athens, Greece
Email: p[email protected]
Website: www.athexgroup.gr
Key Highlights of the year 2016 2017
Future plans
New Products and Services Offering, MiFID II / MiFIR &CSDR adaptation:
MiFID II / MiFIR adaptation as of 03/01/2018
•Systems/Interfaces redesign with focus to assist better members and exchange obligations
•Transaction Reporting Services to members and 3rd parties – ARM@ATHEX services
•Trade Reporting Services - APA@ATHEX (post-trade transparency), RDS@ATHEX services (daily data fields service provision)
CSDR adaptation for operation ~Q2 2018
•Separation between settlement and registration
•Inclusion of client selection for segregated / omnibus settlement accounts
-New types of accounts
-Enhancement of the links with other CSDs (new links, Central bank collateral eligibility)
•New services to issuers
-Compliant to Shareholders Rights II Directive
-Identification of Shareholders
-Expansion of registration services to non-listed companies
-Possibility of settlement/registration to funds (UCITs, AIFs) issuers
ATHEX have signed a Memorandum of Understanding (MoU) with
•LAGIE on February 2017
•ADMIE on June 2017
Setting up the agreement to cooperate for the restructuring of the Hellenic Electricity Market towards the Target Model, in an economically viable way, with respect to stakeholders expectations and needs and at the end for the benefit of electricity’s end client.
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