Keo completes interim dividend payment after software issues

Nicosia, Cyprus. Cypriot beverage company Keo plc announced on Tuesday that it had completed payment of its interim dividend to eligible shareholders after resolving software issues that had threatened to delay the distribution.

The €1.69 million dividend, approved at the company’s annual general meeting on July 8, 2026, provides 4 cents for each fully paid share from 2024 profits held in the revenue reserve.

Payment timeline

Keo had warned on August 7, 2026, that technical issues affecting its dividend calculation software could disrupt the payment schedule.

The company had aimed to resolve the issue before the initial deadline of August 17, 2026, and said payments would be completed no later than August 25, 2026.

Eligible shareholders

Under terms set on July 9, 2026, the dividend applies to investors recorded in the Cyprus Stock Exchange register on July 20, 2026, including shareholders who acquired shares through off-market transfers by that date.

Keo shares traded ex-dividend on July 17, 2026, following the final cum-dividend trading session on July 16, 2026.

Payment arrangements

Under regulations effective from November 13, 2023, governing the Operation of the Central Depository and Central Register of Securities, payments for shares held under an operator’s control were remitted directly to the operator for distribution to clients.

For shareholders whose securities are not managed by an operator, payments were made through direct bank transfers or cheques sent to registered correspondence addresses.

Where beneficiaries did not respond to official correspondence, Keo withheld the dividend pending an authorisation form containing an IBAN or a confirmed mailing address. Beneficiaries may also collect a cheque in person from the company’s registered office by presenting a valid identity card or passport.