2. 7. 2014
19th Annual General Meeting of Krka, d. d., Novo mesto
2 min. read
Today, on Thursday, 3 July 2014, Krka, d. d., Novo mesto held its 19th Annual General Meeting in Hotel Šport in Otočec, Slovenia. Among other business, shareholders discussed the allocation of accumulated profit for 2013 and declared a gross dividend of EUR 2.10 per share, which is an increase by more than 30% from last year’s dividend. Shareholders also adopted a resolution on the reduction of share capital via a cancellation of treasury shares, and granted the Management Board a new authorisation to acquire treasury shares.
Resolutions passed by the 19th Annual General Meeting
The Management Board and Supervisory Board proposed to the Annual General Meeting to appropriate the accumulated profit for 2013, in the amount of EUR 179,352,421.39, as follows:
– For dividends (EUR 2.10 gross per share) EUR 68,866,240.80,
– For other revenue reserves EUR 55,243,090.30,
– For retained earnings EUR 55,243,090.29.
The Annual General Meeting passed this proposal. Dividend payments, in the amount of EUR 2.10 gross per share, will commence within 60 days of the Annual General Meeting, and will be made to those shareholders that are recorded in the share register of the Central Securities Clearing Corporation (KDD) as at 8 July 2014.
Shareholders approved and gave its consent to the work of the Management and Supervisory Boards in the financial year 2013, and discharged them from liability for performance of their duties.
Shareholders passed a resolution on the reduction of share capital via a cancellation of 2,632,672 treasury shares, which represents 7.431% of Krka’s share capital. In addition, the Management Board was granted a new authorisation for acquisition of treasury shares, whereby the total volume of treasury shares cannot exceed 10% of the Company’s share capital.
Shareholders were also informed of the elected members of the Supervisory Board – Franc Šašek, Tomaž Sever and Mateja Vrečer –, employee representatives elected by the Company’s Workers’ Council.
Following the Supervisory Board’s proposal, the Annual General Meeting appointed Ernst & Young Revizija, poslovno svetovanje, d. o. o., Ljubljana as the Company’s auditor for the financial year 2014.
The Krka Management Board will publish the adopted resolutions in the Saturday edition of the Delo newspaper, in the Ljubljana Stock Exchange electronic information dissemination system SEOnet, and in the Polish Financial Supervision Authority electronic information dissemination system (ESPI).