Agros Progress Development Public Ltd, parent company of the Rodon hotel, held its annual general meeting (AGM) on Thursday, during which shareholders approved a dividend distribution and made several changes to the board of directors.

The meeting took place at the company’s registered office in Agros, where shareholders examined the annual financial report, which includes the final audited financial statements for the year 2024.

Moreover, during the AGM, several significant decisions were made. Shareholders re-elected Antonis Pissarides and Nicos Hadjiosif as members of the board of directors.

“They offered themselves for re-election after having stepped down in accordance with regulations 86, 87, and 88 of the company’s articles of association, which provide for the rotation of directors” the company stated.

The meeting also elected Balram Chainrai, Arun Kumar Jairam, and Christos Neocleous as new members of the board of directors.

“They resigned from their positions in accordance with regulation 91 of the Articles of Association, which mandates the resignation of directors appointed by the board since the last general meeting” the company explained.

More importantly, shareholders approved a dividend distribution proposal amounting to 9.41 cents per share, with a nominal value of €1.71.

“This corresponds to 5.50 per cent of the nominal value of the share and will be paid from the undistributed profits of 2022, totalling €338,148” the company specified.

Shares will trade with the right to participate in the dividend distribution until Wednesday, July 2, 2025.

From Thursday, July 3, 2025, shares will trade without the dividend right.

Therefore, investors who will be registered in the company’s registry or who will hold securities based on an off-exchange transfer completed by the record date of Friday, July 4, 2025, will be entitled to receive the dividend.

“The dividend will be paid in euros, and cheques will be mailed to beneficiaries by Tuesday, July 29, 2025” the company mentioned.

The shareholders also approved a revised remuneration policy concerning members of the board of directors and other key managerial personnel.

The proposal by the board of directors to determine the remuneration of the non-executive directors for 2025 was also approved.

“The annual remuneration for each non-executive director in 2025 will amount to €2,000, up from €1,750 in 2024” the company stated.

The fee per meeting of the board of directors and its committees for each non-executive director will remain at €100, the same as in 2024.

The AGM also included a session where the remuneration report for 2024 was presented and explained.

“It concerned board members and other key executives performing similar duties to executive directors, was put to a consultative vote, and was approved” the company said.

Furthermore, shareholders decided to reappoint Baker Tilly Klitou & Partners Ltd as the company’s external auditors for the 2025 financial year.

“The board of directors has been authorised to determine their remuneration for 2025” the company stated.

Finally, a special resolution was approved regarding the replacement of the company’s articles of association.