Keo plc has cautioned that technical difficulties with its dividend calculation software could postpone the payment of its approved dividend to shareholders.
The Cyprus-based beverage company disclosed the issue on Friday, noting that the delay stems from internal system errors rather than a change in the board's commitment to the payout.
69 million, but the exact date for distribution is now uncertain.
The total dividend amount remains at €1.69 million, but the exact date for distribution is now uncertain.
The announcement highlights operational risks for the listed entity, as shareholders await clarity on when funds will be transferred.
While the dividend itself was previously approved, the execution phase is now subject to resolution of the software glitches.
Investors should monitor subsequent communications from Keo for an updated payment schedule.