The proposal is subject to approval at the GSM which will be held on 24 August 2020.

AD Plastik published an invitation to the General Assembly that will be held on 24 August 2020. In the convocation the company proposed the distribution of 2019 net profit. To be specific, the Management and Supervisory Board made a decision to allocate a part of the realized profit in the amount of HRK 21.7m to other reserves from profit to cover the unwritten-off development costs stated in the Company’s assets as of December 31, 2019. Furthermore, HRK 51.92m will be allocated to retained earnings, while HRK 16.52m has already been paid in a form of an advance dividend.  This implies that no additional dividend will be paid in 2020.

As a reminder, Ad Plastik announced in late February 2020 that the company’s Management Board brought a decision on advance dividend payment in the amount of HRK 4 per share. Compared to the last year, the advance dividend was higher by HRK 1 per share and translated to a dividend yield of 2.1%.