The general assembly of Končar-distribution and special transformers (D&ST) will be held on June 17, and shareholders will decide, among other things, on the distribution of last year’s profit and the payment of dividends.
According to the invitation for the assembly published in the Narodne novine, the Management and Supervisory Board of the company propose that last year’s profit of 32.8 million kuna be distributed so that 19.68 million kuna is allocated to statutory reserves, and 13.12 million kuna is paid out as dividends to shareholders, specifically for preferred and ordinary shares in the amount of 102.69 kuna each. The assembly will also include the announcement of the plan for 2010, according to which Končar-D&ST plans to achieve a profit of 27.6 million kuna. Shareholders will also decide on the increase of the company’s share capital from statutory funds, specifically by 38.34 million kuna to 76.68 million kuna through the issuance of a total of 127,808 non-materialized shares, of which 97,094 are ordinary and 30,714 are preferred, both with a nominal value of 300 kuna each. (H)
