The dividend will be paid to the shareholders recorded in the Shareholder Registry on the registration date of June 11 th 2018 (ex-date June 08th 2018).
TeraPlast will allocate for dividends the amount of RON10.069.404, higher by 5.81% compared to the amount allocated last year, and by 26.97% compared to the amount allocated two years ago. In the context in which the total number of shares rose by 50% in 2016 and by more than 50% in 2017, as a result of free shares distribution, the value of the gross dividend per share is RON 0.0118, the company said in a statement sent to the Bucharest Stock Exchange.
The total amount to be paid out to shareholders equals a distribution rate of 70% of the RON14 million profit reported in 2017.
Teraplast has a market capitalization of RON335 million after its shares have increased by 9.5% since the start of 2018, amid transactions worth over RON6 million.
Teraplast is 46.79% held by businessman Dorel Goia, 10% owned by KJK FUND II, headquartered in Luxembourg and the remaining shares are distributed among other investors on the Bucharest capital market.