Thus, the company will pay RON8.6 million to investors of the statutory net profit of RON9.1 million reported in 2020, the equivalent of a distribution rate of nearly 95%. The registration date was set for June 10 and the Payment Date was set for June 22.
Shareholders also approved a program for the repurchase of maximum 60,370 shares, the equivalent of 0.75% of the share capital, at a minimum price equal to the market price and a maximum price equal to the lowest value between RON35 per share and the highest value between the price of the latest independent transaction and the highest price at the respective moment of the acquisition offer.
The aggregate value of the buy-back program is RON2.1 million. “The programme will have a maximum duration of 18 months, calculated from the date when the incident shareholders’ resolution is published in the Official Gazette of Romania, Part IV and will have as purpose allocation of own shares to the Company’s employees and managers, as well as members of the Board of Governors, approved by the Extraordinary General Meeting of Shareholders”.
The Bucharest Stock Exchange has a market value of RON203 million and its shares have been trading up 9.5% since the beginning of 2021.