Main Information

HELLENiQ ENERGY Holdings’ S.A. shares are traded in the General Category (Main Market) of the Athens Exchange (ATHEX: ΕLPΕ) and on the London Stock Exchange (LSE: HLPD), through Global Depositary Receipts (GDRs), while the international bond issue of its subsidiary HELLENiQ ENERGY Finance Plc (HEF), due on 04 October 2024, is listed on the Luxembourg Stock Exchange.

The Company’s share capital amounts to €666,284,703.30 divided into 305,635,185 shares with a nominal value of €2.18 each. The Company’s shareholders’ rights, arising out of their shares, are proportionate to the percentage of capital corresponding to the paid-in-share value. All shares have the same rights and obligations arising from the Law and the Company’s Articles of Association. The liability of the Company’s shareholders is limited to the nominal value of the shares they own.

HELLENiQ ENERGY Holdings’ shares are included in various indices such as the ATHEX Composite Share Price Index, FTSE/ATHEX Large Cap Index, FTSE/ATHEX Energy Index, ATHEX ESG Index, FTSE/ATHEX Market Index, as well as several other major international indices, including MSCI Emerging Markets IMI, MSCI Emerging Markets Small Cap, FTSE World Europe Index and FTSE Eurozone, STOXX Emerging Markets Select 100, STOXX Emerging Markets 500 Small and STOXX Emerging Markets 1500 ESG-X.

Share price development

In 2023, the Athex Composite Share Price Index increased by 39.1%, outperforming most international equity benchmark indices as Greek economy recorded above European average growth rates, supported by an increase in investments, higher private consumption as well as the tourism sector. At the same time, the upgrade of Greece’s credit rating to investment grade represented a significant positive development.

The share price of HELLENiQ ENERGY Holdings recorded a decline of 4.1% in 2023, closing at €7.28 on 29.12.2023, with an average daily trading volume of 302,051 shares and an average price of €7.64.

Share Price Data 2023
Average price €7.64
Lowest price €6.65
Highest price €8.60
Average daily traiding volume (no. of shares) Manager 302,051
In 2023, the total shareholder return (TSR) amounted to 5%. TSR is defined as: price return and return from dividends paid in the year, reinvested for the remaining period.

Analysts Coverage

As of the 31st of December 2023, there were a total of twelve (12) Greek and international brokerage firms providing coverage for HELLENiQ ENERGY Holdings S.A..
Greek Firms
Alpha Finance
Eurobank Equities
Euroxx Securities
Optima Bank
NBG Securities
Pantelakis Securities
Piraeus Securities
International Firms
Bank Pekao
Edison
Goldman Sachss
PKO Securities
Wood & Co.s

Dividend Policy

Considering the strong performance and outlook for 2024, the Board of Directors will propose to the AGM the distribution of a final dividend of €0.60 per share. This will add to the interim dividend of €0.30 per share, which has already been distributed, resulting in a total FY23 dividend of €0.90 per share. Using the 2023 yearend share price, the total dividend represents a higher than 12% dividend yield.

Total FY23 dividend 0.90 / share
275.1 million total distri - butions for 2023

*includes other distributions

Shareholding Structure

The successful completion of the transaction for the sale of 11% of HELLENiQ ENERGY’s issued share capital, by the Company’s main shareholders, Hellenic Republic Asset Development Fund S.A. and Paneuropean Oil and Industrial Holdings (Cyprus) Limited, to international and domestic investors in December 2023, led to an increase in the free float of shares, while at the same time improved the liquidity and trading activity. The shareholding structure as of 31.12.2023 is depicted below:

Shareholder Number of sharess Participation
Paneuropean Oil and Industrial Holdings (Cyprus) Limited 123,510,479 40.4%
HRADF 95,301,987 31.2%
Greek Institutional Investors 23,398,890 7.7%
Foreign Institutional Investors 22,708,475 7.4%
Retail Investors 40,715,354 13.3%
Total number of shares 305,635,185 100%

Eurobond Issue

Since 2013, the Group has raised more than €2.1 billion through the issue of five internationally traded bonds, making it the largest independent Greek issuer. On 4 October 2019 the Group, through HELLENiQ ENERGY Finance plc (HEF), proceeded with the issuance of a new five-year Eurobond of €500 million, with a coupon of 2%, with part of the proceeds used for the partial prepayment of the €450 million Eurobond maturing in October 2021 through a tender offer. On October 5, 2020, HEF completed a €99.9 million retap on its existing October 2024 notes, through a private placement, with a 2.42% yield.

Eurobond issue 599.9 million

*as of 11.03.2024

The key features of the bond, issued by HEF and guaranteed by HELLENiQ ENERGY Holdings S.A. and was trading as of 31 December 2023 on the Luxembourg Stock Exchange, are presented in the table below:

Issue date Maturity Currency Issue Amount (m) Coupon ISIN
04.10.2019 04.10.2024 EUR 599.9 2% XS2060691719

Investor Relations Services

The Company seeks to fully and fairly inform its shareholders and bondholders both in Greece and internationally, through a variety of events and initiatives, such as:

 

  • Quarterly reports outlining business activities and financial results (press releases, presentations, teleconferences, internet).
  • Annual Report, BoD’s Interim and Annual Financial Report.
  • Teleconferences enabling investors/analysts to receive further information regarding the Group’s activities.
  • Regular contacts and meetings with analysts and fund managers.
  • Participation in roadshows and investor conferences both in Greece and internationally.
  • Regularly updating the Company’s website concerning basic industry performance indicators which affect the Company’s financial performance.

Information for shareholders and investors

Annual General Meeting (AGM)

The Annual General Meeting of HELLENiQ ENERGY is scheduled to take place on Thursday, 27 June 2024 at 12:00 hours. The AGM will be conducted in a hybrid format, i.e. allowing shareholders to attend either in person or remotely via a virtual platform.

Any person who has the shareholder capacity at the beginning of the fifth (5th) day i.e., at the beginning of the 22nd June 2024 («Record Date») before the date of the AGM (27 June 2024), may participate in the AGM. Shareholders will be able to participate and exercise their voting rights remotely, either via a real time teleconference or by submitting prior to the date of the AGM a postal vote form in person or by proxy.

For additional details and the necessary supporting documentation, interested parties can access the electronic version on the official website of the Company at www.helleniqenergy.gr.

The Board of Directors will propose to the AGM the distribution of a final dividend of €0.60 per share. This will add to the interim dividend of €0.30 per share, which has already been distributed, resulting in a total FY23 dividend of €0.90 per share.

2024 Financial Results and Reports

HELLENiQ ENERGY’s 2024 Financial Results and Reports are scheduled to be published as follows:

 

  • 1Q 2024 Financial Results: 16 May 2024
  • 2Q/1H 2024 Financial Results and Interim Financial Report: 29 August 2024
  • 3Q/9M 2024 Financial Results: 14 November 2024
  • 4Q/FY 2024 Financial Results and Annual Financial Report: 27 February 2025

The Financial Results and Reports are published in Greek and English and can be downloaded at HELLENiQ ENERGY’s website at: Quarterly Results and Financial Reports.

FY23 dividend payment 27.06.2024 AGM 10.07.2024 - Ex-dividend date, FY23 dividend 11.07.2024 - Record date, 17.07.2024 Commencement of payment date, FY23 dividend

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