Transgaz shareholders rejected yesterday the dividend proposals made by the company and government, but proposed the same figures for a new ordinary general meeting of shareholders on June 6th.

Thus, the proposal for a small dividend, of 21.66 lei/ share, was rejected by 81.5% of the shareholders votes, and the dividend proposal of the Economy Ministry, of 37.89 lei per share, by 79%.

Although 77% of voting shareholders were present at yesterday’s OGSM, the shareholders proposed a new quick meeting on 6 June, where they will have to approve the same dividend variants: “The approval of the gross dividend per share of 21.66 lei, for the financial year 2018, and of 16 July 2019 as the date of payment of the dividends. 2. Approval of the gross dividend per share amounting to 37.89 lei / share, for the financial year 2018, of 16 July 2019 as the date of payment of the dividends. 3. Approval of the proposal for the distribution of the net profit for the financial year 2018. 4. Establishing the date of June 25, 2019 as the registration date of the shareholders to which the effects of the Ordinary General Meeting of Shareholders’ Decision will be applied, according to the legal provisions in force”, reads the document.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.