“Regarding item 7 on the agenda, with the vote ‘against’ of the shareholders representing 78,88448% of the total valid casted vote, not approving the distribution of dividends from recorded profit as of 31.12.2020, with a gross dividend of 0,534 lei/share, according to Note no. 13173/24.03.2021.”
“Regarding item 8 on the agenda, with the vote ‘against’ of the shareholders representing 78,88448% of the total valid casted vote, not approving the distribution of dividends from the retained earnings on balance as of 31.12.2020, with a gross dividend of 0.28 lei/share, according to Note no. 13064/24.03.2021.”
Shareholders also rejected Transelectrica’s separate financial statements for the 2020 financial year, according to Note no. 12082/19.03.2021, and also the company’s consolidated financial statements.
This is one of the rare shareholder meetings in which the Romanian State, the majority shareholder of Transelectrica, with a 58.7% stake, disagrees with the proposal of the company’s management regarding the distribution of dividends. The next step would be the summoning of a new shareholder meeting for Transelectrica to come up with another proposal for dividend distribution, unless the Romanian State submits its own request, in its position of majority shareholder.