Americana GA approves $179.4 Million cash dividend distribution for 2023

Americana International Restaurants PLC has disclosed the outcomes of its Ordinary General Assembly Meeting (first meeting), endorsing the Board of Directors’ proposal for cash dividend distribution to shareholders for the fiscal year ending December 31, 2023. The approved dividends total $179.4 million, equivalent to 106.5% or $0.0213 per share, divided to:

Ordinary profits amounting to $129.72 million; and

Exceptional profits totaling $49.69 million.

Moreover, the Assembly approved the company’s acquisition of 25 million shares of its own stock, earmarked for the long-term employee incentive program. This move is contingent upon obtaining any necessary regulatory approvals for the execution of this decision. Additionally, the Assembly granted authorization to the Board of Directors and any designated representatives to undertake and execute the purchase operations, as well as establish the conditions for the long-term employee incentive program.