Transelectrica will use the RoClear facility provided by the Central Depository to distribute the dividends due for 2011 directly to the banking accounts of the eligible shareholders, Mateescu said.
The power company will pay out a gross dividend of 1.1 lei (EUR0.240) a share from the 2011 net profit, well above RON0.116 paid last year. Transelectrica reported a net profit of RON90.2 million in 2011, of which RON80.6 million will be paid in dividends.
Transelectrica is 58.69%-owned by the Economy Ministry, while investment fund Fondul Proprietatea holds a 13.5% stake. The remaining shares are traded on the Bucharest stock exchange.
The ministry ran a secondary public offering of 15% in Transelectrica between March 14 and March 27. The institution received RON164.7 million (EUR37.6 million) in a heavily oversubscribed offering. Purchase prices ranged between RON14.9 and RON15.71 a share. (EUR1=RON4.5885)