Yearbook 2018
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
Undergoing Projects & Future Plans:
• ATHEX will support the Energy Exchange (EnEx):
> ATHEX participates as a shareholder with a 21% stake
> ATHEX Group companies offer IT support and consulting services for EnEx products
• ATHEX is in the process of leveraging the Common Platform concept as a win-win tool for boosting market efficiency, liquidity and cross-border activity for the involved entities. The concept was successfully established on October 2016 with the cooperation with Cyprus Stock Exchange (CSE). In this context, ATHEX having formed a consortium with distinguished financial houses in Kuwait (ARZAN, FIC & NIC) won on February 14, 2019 the bid for a 44% equity stake in Boursa Kuwait, aiming to mutual benefits for the stakeholders.
• ATHEXCSD is working towards the CSDR and Settlement Discipline Regime (SDR) adaptation and implementation.
> Settlement and registration separation
> Inclusion of client selection for segregated/omnibus settlement accounts
> Enhancement of links with other CSDs
> New services to Issuers
• Working towards an ISO27001 Information Security Framework.
• Upgrade of ATHEX network and hardware infrastructure, data security and monitoring tools.
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