The proposed measures will be discussed at the extraordinary and ordinary general meeting of shareholders on April 29, 2021.
Another topic on shareholders’ agenda is the approval of the reduction of the share capital from RON98.94 million to RON98.12 million, namely with the amount of RON826,612, as a result of the cancellation of a number of 8,26 million own shares acquired by the company. To this end, the company plans to carry out a buyback program in order to reduce the share capital, by canceling the shares, with a maximum number of 19.62 million shares, representing 2% of the share capital.
The Board of Directors of EVERGENT Investments maintains the shareholders remuneration policy through an optimal mix between the predictable dividend policy and annual buyback programs, which provides higher returns now and in the long run, compared to only paying the dividends.
SIF Moldova has a market value of RON1.4 billion, being the largest of the five regional investment funds. Its shares have been trading up 14.4% since the beginning of 2021, amid deals worth RON82.3 million, per stock market data.