The dividend will be distributed from 2022 net profit, worth RON63.7 million. The company ended 2022 with total revenues of RON91 million.
The gross dividend to be paid for one share held on the record date is RON 0.0140, which represents a 4.9% yield by reference to the average trading price of TRANSI shares on the BVB-REGS market between 01.01.2022 and 31.12.2022.
The company’s management stipulated that in order to increase the level of the financing sources from the net profit that remain at the Company’s disposal for carrying-out the investment programs and for ensuring the sustainability of the Company’s activity, in full agreement with the shareholders’ long-term interest, the Company considers the distribution of cash dividends aiming at a payout ratio of approximately 30% of the net profit achieved and distributed, but not higher than a level that would generate a maximum return of 5.00% by reference to the average trading price recorded in the financial year for which the dividend is calculated.
If the company, in full agreement with the general macroeconomic and investment context, identifies a series of investment opportunities that could lead to the increase of the Net Asset Value and the market price of TRANSI shares, it may consider the proposal regarding the distribution of the entire profit to legal reserves and/or other own financing sources, based on the resolution of the general meeting of shareholders.
Transilvania Investments Alliance for 2022 reported RON1.4 billion assets, from RON1.5 billion in 2021, and RON67 million net profit, down from RON96.6 million.
(English version by Catalina Apostoiu)