The company’s shareholders will discuss this measure at their general meeting of November 27.
”Upon calculating the amount of the gross dividend per share it was considered the number of shares issued by the company, out of which 966 shares were subtracted from the Company’s account (following the use of an algorithm and rounding the results down to the next lowest integer as a result of processing the share capital increase, conducted on the basis of the E.G.M. Decision no. 1/29.04.2020) which the Company is currently holding, taking into account that own shares do not give a right of holding dividends or other rights,” per a summoning notice.
December 24, 2020 is the date proposed for the payment of dividends.
TeraPlast Bistrita is 46.8% owned by businessman Dorel Goia, 11% held by private pension fund NN Pensii, while Luxembourg-based investment fund KJK Balkan Holding owns a 10% stake.
TRP shares have been trading up 95% since the start of 2020, amid deals worth RON110 million, securing the company a market value of RON744 million.