Cinkarna Celje Receives EUR 17 DPS Counterproposal

At the current share price, dividend yield is 7.7%.

The Association of Small Shareholders of Slovenia (MDS) sent a counterproposal regarding the profit distribution. To be specifc, the MDS proposes a dividend distributon of EUR 17 per share.

MDS states that in the convocation, the company and the Supervisory Board of Cinkarna Celje proposed a division of only EUR 11 per share, although the annual report for 2020 and the Q1 report of the company show that the company operates stably and above plan. At the same time the company has a surplus of cash as at the end of Q1 amounting to EUR 41.8m and which is 11% higher than at the end of 2020.

Thus, the MDS Proposes that the part of the distributable profit in the amount of EUR 13.3m is used for the payment of dividends in the gross value of EUR 17 per share. Such a dividend implies a yield of 7.7%.

As a reminder, GSM will take place on 15 June 2021.

Category : Flash News

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