The assembly of Croatia Insurance (CO) today decided that from the 69.69 million kuna of last year’s net profit, the largest portion will be allocated to retained earnings and reserves, while 980 thousand kuna will be designated for the dividend for preferred shares, and the former leaders of this insurer, Hrvoje Vojković and Damir Mihanović, did not receive discharge for the year 2009.
The General Assembly made all the decisions that were on the agenda of the assembly, published in the invitation on July 7, as stated in the announcement that Croatia Insurance published on the Zagreb Stock Exchange. Thus, the General Assembly of Croatia Insurance made a decision on the use of last year’s profit. The net profit of Croatia Insurance for 2009 amounted to 69.7 million kuna, with the largest portion, or 48.6 million kuna, allocated to retained earnings, 3.5 million kuna allocated to legal reserves, 16.5 million kuna to status reserves, and 980 thousand kuna for the dividend for preferred shares.
The dividend for preferred shares amounts to 112 kuna per share. The assembly also proposed a decision not to approve the work of Hrvoje Vojković, the CEO of Croatia Insurance in 2009, and not to grant discharge for the business year 2009, which also applies to board member Damir Mihanović. Discharges were granted to board member Ljerka Šeparović from January 1 to July 16 of last year, as well as to Silvana Ivančić, whose term as a board member began on December 10 of last year. The assembly also approved the work and granted discharge to the Supervisory Board for the year 2009. (H)
