KMG International proposed that the dividend policy should stipulate a differentiated approach on establishing the volume of dividends depending on “1.1 The nature and profitability of the commercial activity carried out by the company, and its capital needs; 1.2 Own capital needs anticipated for the fulfilment of activity plans and investment projects” and the actual volume of dividends should consider the own capital financing needs for “2.1 Financing capital investments in the existing assets; 2.2 Financing investment projects, with respect to allocating own funds according to the project financing structure agreed upon; 2.3 Reimbursing debts; 2.4 Other relevant factors that influence the company’s treasury flows.”
At the same time, investment fund KJK Balkan Holding, which owns 10.7% of the share capital of Rompetrol Well Services, proposed that the company’s net profit be distributed under the form of dividends, except the amounts for the specific objectives that require working capital, acquisitions or investments approved in accordance with the strategy approved by the general meeting of the company’s shareholders, covering the amounts for newly paid taxes and fees or for legal equivalence, covering unexpected needs up to RON2.5 million and repurchasing the company’s shares within the limits of law.
Rompetrol Well Services has a market value of RON128 million.