The shareholders approved the plans in the general meeting on Thursday.
The dividend amount includes the net profit of 2021, RON46 million, and the net gain reflected in retained earnings from the sale of equity investments at fair value through other comprehensive income (FVTOCI), RON15 million.
The payment date is June 10, 2022.
The buyback program’s purpose is to reduce the share capital by canceling the shares, as well as to carry out the ‘stock option plan’ program. The maximum number of shares that can be repurchased is 28,050,000 (2.856% of the registered share capital), of which 19,625,000 shares (2% of registered share capital) through the public purchasing offer, in order to reduce the share capital by canceling the shares, at a maximum price of RON2.2/share.
The remaining 8.4 million shares (0.856% of the registered share capital) will be bought back via market operations for distribution to employees, directors and managers of the company, as part of ‘stock option plan’ programs.
(English version by Loredana Fratila-Cristescu)