Dividend Information

Excerpt from COMPANY CHARTER

Distribution of dividends

The Joint-stock Company may authorize and pay dividends on its shares annually in line with the decisions of regular General Assembly or at any time between annual meetings of General Assembly.

After adoption of the financial report for the previous year, profits from that year shall be distributed in the following order: to cover losses brought forward from previous years; to fund legally prescribed reserves if such reserves are provided for in a specific law; for dividends in accordance with Law; to fund statutory and other reserves if the Company determines them.

After a decision to pay a dividend has been made, a shareholder to whom it is to be paid becomes a creditor of the Company for the amount of the dividend. A dividend on stock of any type or class shall be paid pro rata to all holders of that type or class of stock, in proportion to the nominal value (or accounting value in the case of shares with no nominal value), except in the case of partly-paid stock.

More Information: COMPANY CHARTER