FAQ

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Information about your account balance is managed by the Central Securities Clearing Corporation (KDD), where you can request an annual account balance statement or an account balance statement showing the balance on a certain date. For more information, visit the Central Securities Clearing Corporation (KDD) website or contact the bank or the brokerage company where you have your brokerage account.

If you want to buy or sell Krka shares, you must have a brokerage account at a bank or a brokerage company that is a member of the Ljubljana Stock Exchange (see list of members). When you have opened the account, you can place an order to buy or sell shares.

Ljubljana Stock Exchange Regulations and the Slovenian Companies Act stipulate that the management board of a company must convene an annual general meeting once a year. The AGM notice shall be published at least thirty (30) days before the AGM on the website of the Slovenian business register AJPES. It shall also be published in the company’s printed or electronic newsletter if available at the time of the notice, and on the company’s website. The AGM notice shall also be published in accordance with the law governing the financial instruments market. Any KRKG shareholder can attend the meeting and exercise his or her voting rights, either in person or through an appointed proxy.

Shareholders may attend the Annual General Meeting and exercise their voting rights if they give notice of their attendance and are registered as shareholders in the central securities registry on the cut-off date. Eligibility criteria for attending the meeting and exercising voting rights are specified in the AGM notice.

Shareholders’ voting power depends on their equity share. Each voting share carries one vote. Shareholders can also exercise their voting rights through a dully appointed proxy, a financial institution, or shareholders’ association. Treasury shares have no voting rights.

Heirs must make all arrangements regarding the Krka share transfer at the KDD system member that keeps the account of the deceased person or the heir or directly at the Central Securities Clearing Corporation (KDD). In both cases, the heir must have a brokerage account at the KDD system member. For more information, visit the Central Securities Clearing Corporation (KDD) website.

Natural persons resident in the Republic of Slovenia are liable to pay 25% tax on dividends. The tax is deducted when the dividends are paid out and remitted to the tax office. Natural persons receive net dividends, accounting for 75% of the gross dividend. For more information, visit the website of the Financial Administration of the Republic of Slovenia.

Krka shareholders must send information about the account change to the stock exchange member (i.e. a bank or a brokerage company) that keeps their brokerage account.

The dividend payout to shareholders’ transaction accounts is managed by brokerage companies and banks where Krka shareholders have their brokerage accounts.

Dividends are paid to shareholders that are registered as holders of shares in the central registry of Krka shareholders on the record date. Dividend payment does not depend on the holding period. The record date is published in the AGM notice at least one month before the AGM due date. Based on the notice, the Ljubljana Stock Exchange sets the ex-dividend date and publishes it on its website.

Shareholders who buy Krka shares one trading day before the ex-dividend date, on the ex-dividend date or later are not entitled to dividend payment in the current year. The same applies to those shareholders who sell their shares two or more trading days before the ex-dividend date.

Shareholders who sell Krka shares one trading day before the ex-dividend date, on the ex-dividend date or later are entitled to dividend payment. The same applies to those shareholders who buy their shares two or more trading days before the ex-dividend date.

The actual dividends are paid according to the AGM resolution that sets the amount and the date of the dividend payment. The resolution is adopted by shareholders at the Annual General Meeting.

Dividends and tax deductions do not have to be declared in the personal income tax return of residents because tax deductions are final according to the applicable tax regulations.

Under the Slovenian Book-Entry Securities Act (ZNVP-1B), as amended in 2019, shareholders were required to transfer their securities from their registry accounts at the Central Securities Clearing Corporation to trading accounts at banks or brokerage companies that are stock exchange members or Central Securities Clearing Corporation (KDD) system members by 31 August 2019.

If securities were not transferred to a KDD system member by that date or were derelicted, the Central Securities Clearing Corporation (KDD) transferred the shares to a joint special account at Kapitalska družba (KAD). Holders of these shares have no voting rights and are not eligible to receive dividends. If shareholders fail to transfer their shares by 31 December 2021, the shares will be transferred to Kapitalska družba (KAD).

For more information, visit the Central Securities Clearing Corporation website.

Krka is the issuer and as such cannot make changes to the Krka shareholder records (i.e. changes to personal details or transfers of inherited securities). The Slovenian Book-Entry Securities Act specifies that the Central Securities Clearing Corporation (KDD) is solely responsible for such changes and entries.

The Central Securities Clearing Corporation (Klirinško depotna družba – KDD) has responsibility for making changes to personal details (name, surname, permanent address) of natural persons who are residents of the Republic of Slovenia on the basis of electronic acquisition and transfer of data from the central population register. As a result, shareholders do not need to file applications to change their personal details, as this is done automatically.

Natural persons who are non-residents and natural persons who are registered in the central registry under a KID number and not a PIN must apply to the Central Securities Clearing Corporation (KDD) to have the changes made. For more information, visit www.kdd.si.

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