With Motor Oil’s strategic pillars of growth being the refining, provide and advertising and marketing of fuels, the enlargement of the RES portfolio and the corporate’s rising involvement in different fuels and the round financial system, the Common Meeting gave the inexperienced gentle to a report dividend of 199 .4 million euros.
Hydrogen
“Inexperienced hydrogen is especially concerning the future, the strategic alliance with PPC provides us plenty of room for progress, the makes use of for which the hydrogen can be used can be decided by the price”, famous Ioannis Vardinogiannis, Vice President and CEO of the corporate.
RES with wind generators in a number one position
“Motor Oil is consistently evolving and is known as to star within the new period, the corporate continues to earn on the refinery stage greater than refineries of comparable complexity. In RES, Extra, a subsidiary of Motor Oil, has a portfolio of 839 MW, 93% of which is wind,” mentioned Petros Tzanetakis, Deputy CEO of the corporate.
Historic Motor Oil dividend
The administration of the corporate proposed to the Common Meeting the distribution of a complete dividend for the yr 2023 of a complete quantity of 199.4 million euros or 1.80 euros per share. That is the very best quantity that the corporate has distributed since its itemizing on the Athens Inventory Alternate. The dividend can be paid on Wednesday, July third.
It’s famous that the quantity of 44,313,192 euros (0.40 euros per share) has already been paid and acknowledged as a pre-dividend for fiscal yr 2023 from December 2023, whereas the remaining quantity of 1.40 euros per share can be acknowledged in fiscal yr 2024.
Romania
It’s recalled that lately, Motor Oil introduced the participation of its subsidiary firm MORE with a proportion of 49% in a three way partnership whose majority shareholder with a proportion of 51% is Alive Renewable Holding Restricted. The latter is a subsidiary of the corporate PREMIER ENERGY PLC, listed on the Bucharest Inventory Alternate.
The consortium has undertaken the development of two photovoltaic vegetation with a complete put in capability of 86 MW that can be linked to power storage techniques with a capability of 18 MW and can be situated within the space of Buzău County in Romania. The completion of the development of the initiatives is positioned within the second half of 2025.
Supply: ot.gr
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