Today, on Thursday, 5 July 2012, Krka, d. d., Novo mesto held its 17th Annual General Meeting in Hotel Šport in Otočec, Slovenia. The shareholders were presented with the Management Board's annual report, the remuneration of the Management and Supervisory Boards, the auditor's report and the report by the Supervisory Board on its verification and approval of the 2011 Annual Report. The General Meeting also adopted the resolution on the appropriation of accumulated profit for 2011, and discharged the Management and Supervisory Boards from liability for 2011.
Resolutions adopted by the 17th Annual General Meeting
The General Meeting adopted the resolutions as they were proposed in the notice of the General Meeting. According to the resolutions, the gross dividends of EUR 1.50 per share shall be distributed to the shareholders and the remaining accumulated profit allocated to other revenue reserves and retained earnings. Dividends will be paid out within 60 days of the General Meeting to shareholders recorded in the share register as at 11 July 2012.
At the end of the General Meeting, shareholders discussed the proposed appointment of the auditor, and accepted the Supervisory Board's proposal to appoint Ernst & Young Revizija, poslovno svetovanje, d. o. o., Ljubljana as the auditor for the financial year 2012.
The Krka Management Board will publish the adopted resolutions in the Saturday edition of the Delo newspaper and on SEOnet.
The number of shareholders amounted to 70,061 at the end of June 2012. The stakes held by international investors have increased by 0.8 of a percentage point since the beginning of the year currently reaching 16.8%. On 30 June 2012, Krka's share traded at EUR 42.00.
Consistent with the authorisation granted by the 16th Annual General Meeting and the valid regulations, Krka continues to acquire treasury shares. In the first half of 2012, Krka acquired 108,813 treasury shares on the Ljubljana Stock Exchange, worth a total of EUR 5,152,803. At the end of June 2012 it thus held 2,133,930 treasury shares, which is 6.0% of share capital.
Operations in the first half of 2012
Krka's President of the Management Board and Chief Executive Jože Colarič opened the Annual General Meeting by presenting Krka's business results for the first half of the year. The Group sold EUR 565.2 million worth of products and services in the first half of 2012, up EUR 36.4 million, or 7%, compared to the first half of 2011. Sales in markets outside Slovenia represent 92% of the Group's total sales, and were worth EUR 518.2 million, up EUR 41.1 million, or 9%, compared to last year. Krka Company sales were up 7% to EUR 521.3 million.
Please find more information about sales, number of employees and investments in the first half of 2012 in press releases.