The Board of Directors of Ellaktor has decided to propose the first distribution to shareholders after 13 years at the company's annual general meeting to be held on May 31.

The proposal is for a capital return of €174 million, or €0.50 per share, which translates to ~20% of the current market value and represents the largest distribution made by the company in the last 25 years.

Following three years of significant changes to the group's strategy and a series of successful management actions, and with operating profitability at its highest levels in the last 10 years, the conditions are now in place for the group's transition to a new era, with a solid foundation for the future and planning focused on profitable growth of its operations and the continued creation of value for its shareholders.