SIF Oltenia proposed the payment of gross dividend totaling RON92.8 million (EUR20.6 million), up 23% on the year, representing 71.40% of last year’s net profit.
The proposition will be discussed in the meeting scheduled for April 28-29.
According to the proposition, the company would pay dividends worth RON121.8 million, representing 93.72% of last year’s profit.
In 2013, SIF Oltenia paid gross dividend worth RON0.13 per share, similar with the 2012 value.
SIF Oltenia reported a net profit of RON130 million in 2013, up 47% compared with RON88.4 million a year earlier.
The company announced Monday that three members of the board of directors, Daniela Toader, Ana Bobirca and Petre Ghibu, resigned.
In February, Ana Bobirca had a conflict with SIF Oltenia president, Tudor Ciurezu, but the real reason was allegedly the 2014 dividends policy and the 6.3% stake that the company owns in lender Banca Comerciala Romana.