Ronson plans to pay out interim dividends in the amount of PLN 0.09 per share

The Supervisory Board of Ronson Europe approved the request of the company’s Management Board for recommending to the General Meeting the pay out of an interim dividend in the amount of PLN 0.09 per share. The resolution on this matter will be adopted by the EGM convened on 1st March.

According to the recommendation of the Management Board and the Supervisory Board, the total amount of the interim dividend for 2016 will equal almost PLN 14.8 million. The payment will come from the net profit for the first three quarters of 2016 (over PLN 10.8 million) and a part of the reserve capital resulting from retained earnings (over PLN 3.9 million). The dividend will not cover the company’s own shares, which Ronson Europe repurchased for the purpose of their redemption from Global City Holdings at the end of last year.

“Stable liquidity situation of the company allows us to pay out an interim dividend for 2016 in the amount of PLN 0.09 per share. In addition, by accelerating the payment of the dividend we will be able to make the final settlement of the price, which we will receive in connection with the sale of the Nova Królikarnia project. The payment of the last part of the price in the amount of PLN 9.9 million has been deferred until payment by the company of the dividend for 2016. It is worth noting that the planned interim dividend per share will be higher than the record-breaking dividend for 2015 paid last year (i.e. PLN 0.08 per share). It is possible that during the ordinary general meeting summarising the year of 2016, shareholders will also decide on additional payment”, said Tomasz Łapiński, the financial director of Ronson Europe.

 

In December 2016, Ronson sold the Nova Królikarnia project to Global City Holdings for a total price of PLN 175.1 million. The amount of nearly PLN 140.9 million was settled as part of the transaction of repurchasing, by the company, its own shares from GCH. Almost PLN 34.3 million is payment in cash. Ronson received PLN 24.4 million immediately after the agreement was finalised, and PLN 9.9 million is to be paid by GCH after the general meeting which will adopt the resolution to pay out the dividend for 2016. Due to the planned payment of the interim dividend, the company will receive the amount of PLN 9.9 million from GCH in March.

The Extraordinary General Meeting, which will decide on the advanced payment towards the dividend, has been convened on 1st March of this year. The Management Board of Ronson Europe has proposed the dividend date to be scheduled for 17th March and the dividend payment date to be 23rd March 2017.

 

Opublikowano:
19.01.2017