Relative to the current trading prices, the dividend yield requested by NN Pensii is 1.7%. the request targets Compa Sibiu’s “other reserves” account, which, per data from June 2020, was worth RON275 million.
The requests are sent by NN Pensii for the General Shareholders Meeting of November 12, 2020, and the agenda also includes the cancellation of a repurchase program voted in April 2020 (thus, the cancellation of a program and the start of a new program), and the sale of a building owned by Compa.
The repurchase program targets the purchase of 20 million Compa shares, the equivalent of 9.14% of the share capital. The minimum price will be the acquisition price, that is nearly RON10.7 million.
The payment of the shares repurchased will be made from the distributable profit or from the company’s available reserves registered in the latest annual financial report approved, except the legal reserves.