Thus, the company’s board of directors proposes in the ordinary general meeting of shareholders the distribution of a RON0.1178 gross dividend per share, which against the current prices of RON12.26 means a 1% yield.
„Approval of Electrica’s Board of Directors proposal on the distribution of the net profit for the financial year 2023, the approval of the total gross dividend value of RON 39,999,344 of the gross dividend per share of RON 0.1178 and of the date of payment of the dividends for the year 2023 as 21 June 2024, as set out in the note to the shareholders”.
On the meeting’s agenda there is also the approval of a ceiling of EUR300 million for an issue or several issues of green bonds.
„The ceiling of up to EUR 300.000.000 for a bond issue or several subsequent issues of green bonds or sustainability-linked bonds, or a mix thereof, of Societatea Energetica Electrica S.A. (ELSA) for the period 2024-2025, which may be denominated in both RON and other currencies and may be issued on the Romanian or international capital market (EU and USA) on the basis of a flexible structure, with a fixed or variable interest rate (including the possibility of including a step-up or step-down mechanism for Bonds whose terms and conditions will be correlated with ELSA’s sustainability objectives)”.
The bonds will be nominative, non-convertible, non-guaranteed, in dematerialized form by registration in the account, will be part of the same class of securities and may be issued for a maximum maturity of up to 10 years and will be sold through the Offer for Sale addressed to investors from the capital market, through a financial investment services company / credit institution / intermediation syndicate/ entities of their nature authorized in member or non-member states to provide investment services and activities (the “Intermediary”), according to the applicable local, European or international capital market legislation and will be admitted to trading on a regulated market.
Electrica has a bourse capitalization of RON4.2 billion. The company posted consolidated revenues of RON13.3 billion in 2023, down 3.7%, and RON620 million profit, up 11%. The Romanian state owns 48.8% of the company.
(English version by Catalina Apostoiu)