Beverage company Keo plc on Friday announced that technical issues with its dividend calculation software may cause a delay in distributing its approved dividend to shareholders.

The announcement follows the decision made at the company’s annual general meeting on July 8, 2026, where shareholders approved a total dividend of €1.69 million.

The approved payout, which amounts to 4 cents per fully paid share, is being funded from the company’s 2024 profits held within its revenue reserve.

Company management confirmed that it is exerting every effort to resolve the technical issues and complete the dividend payout prior to the original deadline of August 17, 2026.

Should those technical efforts fall short, the dividend will be paid to beneficiary shareholders no later than August 25, 2026.

Under the terms established in the company’s announcement on July 9, 2026, shareholders recorded on the Cyprus Stock Exchange (CSE) register on July 20, 2026, remain entitled to receive the dividend.

The company’s shares began trading ex-dividend on July 17, 2026, following the close of trading on July 16, 2026, which marked the final cum-dividend date for qualifying investors.

Investors who acquired shares via off-market transfers completed by the July 20, 2026 record date are also entitled to the 4 cent per share distribution.

At the July general meeting, shareholders formally approved the directors’ report and consolidated financial statements for the financial year ended December 31, 2025.

Shareholders also re-elected Ioannis Charilaou, Demos Demou and Simos Chamboullas to the board of directors after they retired by rotation in accordance with the articles of association.

The meeting saw the reappointment of Deloitte Ltd as external auditor for 2026, with the board and audit committee authorised to set auditor remuneration at a later date.

In addition, the group’s remuneration report for the year ended December 31, 2025, was approved alongside director fees for 2026.