Valamar is paying a dividend of 1.20 kuna per share

Valamar Riviera has informed via the Zagreb Stock Exchange that the company’s Management Board has made a decision to convene the General Assembly of the Company, which will be held on September 21, 2022. 

Shareholders of the Company will receive a dividend of 1.20 kuna per share. The dividend will be paid from retained earnings generated in 2018 amounting to 128,077,207.56 kuna and the remaining amount of 18,188,280.84 kuna from retained earnings generated in 2019. The right to receive the dividend (claim) belongs to all shareholders of the Company, holders of shares registered in their accounts of dematerialized securities in the computer system of the Central Clearing Depository Company d.d. on the date of September 27, 2022, as stated in the announcement.

At the General Assembly shareholders have the right to participate, either in person or through a proxy, who must submit a written notice of their participation no later than six days before the meeting, 

For the number of votes that each shareholder is entitled to at the assembly, as well as for persons considered shareholders, the status in the register of the Central Clearing Depository Company on the last day of the deadline for submission of participation notices at the General Assembly is relevant.

If a shareholder exercises their voting right at the General Assembly through a proxy, they are required to submit a written power of attorney along with the notice, unless a previously issued general power of attorney (until revoked) has already been submitted to the Company. The power of attorney must specify who issued it and to whom, the total number of shares or votes held, and the authorization of the proxy to vote at the General Assembly, as well as the signature of the shareholder issuing the power of attorney. If the shareholder is a legal entity, a copy of the excerpt from the court or other register in which the legal entity is registered must be submitted along with the power of attorney, from which it is evident that the power of attorney was signed by a person authorized to represent that legal entity.

A shareholder who has not fulfilled the obligation to notify their intention to participate in the General Assembly within the deadline cannot participate in the work of the General Assembly.