Atlantic Group to Distribute a Total of 66.7 Million Kuna in Dividends

The Supervisory Board of Atlantic Group on Tuesday approved the Management’s proposal for the distribution of dividends in the total amount of 66.67 million kuna, or 20 kuna per share, from the retained earnings of the company from previous years, the company reported.

According to Atlantic Group, meetings of the Management and Supervisory Board were held on Tuesday, during which proposals were discussed and accepted to be submitted for adoption at the General Assembly, which is announced to be scheduled for June 28.

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The Supervisory Board accepted the Management’s proposal to make a decision on the distribution of dividends in the total amount of 66.67 million kuna, which amounts to 20.00 kuna per share, from the retained earnings from 2006, 2007, 2008, 2009, 2012, and 2015, it is stated in the announcement.

According to the proposal, the dividend would be paid to shareholders of Atlantic Group who were recorded in the Central Clearing Depository on July 5, 2018 (record date), the date from which the shares of Atlantic will be traded without the right to dividend payment would be July 4 (ex date), and the proposed dividend payment date is July 18 (payment date).

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In any case, the proposed dividend of 20 kuna per share is 6.50 kuna higher than what was paid to Atlantic shareholders last year.

Namely, last year, 44.98 million kuna was paid for dividends, or 13.50 kuna per share, and it was also paid from the retained earnings from 2010, 2011, 2012, and 2015.