Shareholders of Atlantic Grupa are expected to receive a dividend of 25 kuna per share, amounting to a total payout of 83.1 million kuna from retained earnings from 2018 and part of the profit from last year, it was announced on Wednesday from Atlantic in a statement regarding the held meetings of the Supervisory Board and Management. The Management and Supervisory Board meetings were held on Tuesday, during which proposals were discussed and accepted, including the dividend payout proposal, which will be submitted for approval to the general assembly scheduled for June 18, as stated in the announcement via the Zagreb Stock Exchange.
Atlantic Grupa achieved a net consolidated profit after minority interests of 388.9 million kuna in 2019, while the net profit of Atlantic Grupa d.d. amounts to 187.6 million kuna.
The Supervisory Board accepted the Management’s proposal to make a decision on the dividend payout in the total amount of 83.1 million kuna, which amounts to 25 kuna per share, and it will be paid from retained earnings from 2018 and part of the profit from 2019. The remaining net profit for the business year 2019, amounting to 110.3 million kuna, will remain in retained earnings, as proposed by the Management and Supervisory Board, which will be submitted to the general assembly announced for June 18.
It was also proposed that the dividend be paid to shareholders of Atlantic Grupa who are registered in the Central Clearing Depository on June 25, 2020, with the date from which the shares of Atlantic will be traded without the right to dividend payout being June 24, and the proposed dividend payout date is July 15.
