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.
| OASIS | ELPE |
| Reuters | HEPr.AT |
| Bloomberg | ELPE GA |
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.
| Average price | €7.64 |
| Lowest price | €6.65 |
| Highest price | €8.60 |
| Average daily traiding volume (no. of shares) Manager | 302,051 |
| 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 |
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.
*includes other distributions
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% |
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.
*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 |
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:
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:
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.
