The proposal is set to be discussed during the shareholders’ meeting of April 28.

At the trading price of Monday, the dividend would bring a 9.5% return.

The shareholders are also due to discuss the proposal to distribute the RON7.13 million rolled over result under the form of dividends, as well as other reserves amounting to RON5.48 million, also under the form of dividends.

The ex-date deadline is May 24, 2022 and dividend payout is set for June 16.

Conpet in 2021 posted RON53.47 million net profit, down 12.1% from 2020, and turnover worth RON412.78 million, up 1.4%.

The company is 58.7% owned by the Romanian state and 41.3% by other shareholders.

In February, FTSE Russell announced it included Conpet in the FTSE Global Micro Cap index, besides Purcari Wineries, Impact Developer & Contractor and Sphera Franchise Group.

(English version by Catalina Apostoiu)