The company will pay a gross dividend per share of RON0.13% and will raise its share capital by RON43.6 million by distributing one free share for each four shares held.
“We are investing over RON160 million in the development of TeraPlast Group to continue to deliver double-digit growth. The first quarter confirmed that we are on the right track in meeting the budget of RON636.2 million turnover in 2021. The recent transactions allow us to bring value to our shareholders and to continue growing. We offer a 15.4% yield to our shareholders, calculated at the current market capitalization of TeraPlast,” said TeraPLast CEO Alexandru Stanean.
The dividends are granted from the profit registered by TeraPlast SA in the first quarter of this year. Following the closing of the sale of the Steel division, that took place in February 2021, TeraPlast registered a profit of RON274 million.
For dividends, the ex-date is July 12, 2021, and the payment date is July 22. Regarding the share capital increase, the ex-date is September 28 with the payment date set for September 30.
In the first quarter, TeraPlast Group registered a turnover of RON107.9 million, up 28% on the year, and EBITDA of RON17.5 million, up 61%.
The group is actively studying other acquisition opportunities both in Romania and abroad. Within two years, TeraPlast Group seeks to rebuild the RON130 million EBITDA it had prior to the recent transactions, both through mergers and acquisitions and organic growth.