As was previously announced, Management and Supervisory Board of PODRAVKA Inc. on 22nd March 2016 determined the audited Financial Statements of PODRAVKA Group and PODRAVKA Inc. for 2015 and also the proposal of decision on profit distribution of PODRAVKA Inc. for the year 2015.
Regarding the announced proposal of decision on profit distribution of PODRAVKA Inc. for year 2015, we emphasize that it was planned to convene the General Assembly of PODRAVKA Inc. for May this year, and pursuant to it, in item III of the Decision proposal there were determined dates of entitlement for the dividend payment (3rd June 2016), trading with the securities without dividend payment right (2nd June 2016 ) and dividend payment date (1st July 2016).
Taking into consideration the announcement of possible sale of the Government stake in PODRAVKA Inc., the Supervisory and Management Board still have not passed decision on convening of the General Assembly of PODRAVKA Inc., and therefore the dates stated in item III of the announced proposal of decision on profit distribution of PODRAVKA Inc. for 2015 are no longer applicable.
Pursuant to valid regulations, PODRAVKA Inc. will together with the Invitation to the General Assembly also announce a new proposal of decision on profit distribution of PODRAVKA Inc. for the year 2015, changed only in regard with dates of entitlement for the dividend payment, trading with the PODRAVKA shares without dividend payment right and payment date, while the provision on dividend payment to the shareholders of PODRAVKA Inc. in gross amount of HRK 7.00 (seven kunas) per share remains unchanged.
PODRAVKA Inc.
Source of information:
PODRAVKA Inc.
Corporate Communications
A. Starčevića 32; HR - 48000 Koprivnica
tel. 048 651 953
fax. 048 622 008
web: www.podravka.com
e-mail: press@podravka.hr
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