The company proposes its shareholders (the Romanian State with an 80% holding and investment fund Fondul Proprietatea with a 20% holding) that RON1.25 billion from the company’s net profit of RON1.39 billion be paid out as dividends. As a result, the Romanian State is to be paid RON1 billion and Fondul Proprietatea is to be paid RON250 million.
“Approving July 28, 2020 as the maximum deadline for the payment of dividends for the year 2019, in accordance with the provisions of article 1, section 3 of Government Ordinance no. 64/2001, updated, whereby the deadline for the payment of dividends is set at 60 days from the legal deadline for the submission of financial reports, being in accordance with Order no. 10/03.01.2019 “for companies, national companies, autonomous administrations, national research-development institutions, 150 days from closing the financial year”, as per the summoning.