The first variant entails the distribution of the entire net profit of the financial year 2020, in the amount of RON52 million to Other reserves, in order to support future investments, including share buyback program(s), after obtaining the necessary approvals in this regard.
The second variant entails distribution of the net profit of the financial year 2020, in the amount of RON52 million, with the following intended uses: RON25 million for dividends, accounting for RON0.05 gross dividend per share.
The proposition of the dividend payment date is July 30, 2021.
The difference of RON27.2 million, or 52.14% of the net profit, is proposed to be distributed to Other reserves in order to set up funds for further investments.
SIF Oltenia has a market value of RON1 billion. Its shares have been trading up 6.1% since the beginning of 2021, amid deals worth RON32.8 million, per stock market data.