about us | newsletter | contact | archive | members area
Corina Popescu, Transelectrica
High need for quality improvement in the public tenders area»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Mol Group approves dividend and share split

Mol Group held the Annual General Meeting in Budapest, where shareholders approved the report of the Board of Directors regarding finances for the year 2016 and approved consolidated financial statements.

2017-04-14 09:31:25

The General Meeting has accepted the Board's proposal for 58 billion HUF (185.4 million Euro) dividend payment, which was set to allow the Dividend Per Share (DPS) to grow by 10.2 per cent to 625 HUF (1.99 Euro) from last year's 567 HUF (1.81 Euro). This represents the continuation of the last years' gradually increasing trend of the regular dividend payment.

Shareholders also approved the proposal of the Board of Directors for an 8 for 1 stock split. The share split will become effective on 1st of September 2017.

The AGM reelected Jozsef Molnar as a member of the Board of Directors and Attila Chikan and John I. Charody as members of the Supervisory Board. Ilona David, Andrea Bartfai-Mager and Vladimir Kestler were elected as members of the Supervisory Board.

Furthermore, Ivan Miklos, Ilona David and Andrea Bartfai-Mager were elected as members to the Audit Committee. The shareholders also approved the election of Piroska Bognar, Sandor Puskas, Tibor Istvan Ordog and Andras Toth to the Supervisory Board as the employee representatives.

Zsolt Hernadi, MOL Group chairman-CEO, commented on the General Meeting: "We closed a financially and operationally successful year, when we also created the foundation for the company's next decades. In 2017, we will continue to deliver on our targets, generating strong cash flows while already making progress on our transformational journey. The continuation of increasing the dividend payments and the decision to split the shares and making them more accessible for small shareholders strengthen Mol as a best-in-class investment story."



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  7338 Views
Daily Info
Banca Transilvania has become a shareholder of Victoriabank

Banca Transilvania has become a shareholder of Victoriabank, the third largest bank in the Republic of Moldova, with a total participation of over 66 per cent alongside the Eu...

Rezidor to open a new Radisson Blu to open in Timisoara

The Rezidor Hotel Group announced the signing of the Radisson Blu Hotel, Timisoara. This takes the group’s portfolio in Romania to four hotels, with two in operation and two...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Roman...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slower...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel Cio...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Iohannis: Justice independence, public positions' integrity are constitutional values not to be negotiated

Promoting the rule of law and Justice independence, fighting against corruption, ensuring integrity in public positions and dignities are constitutional values that cannot ...

Contract for the purchase of 227 Piranha V armored personnel carriers, signed in presence of PM Tudose

The contract for the purchase of 227 Piranha V armored personnel carriers was signed on Friday in the presence of Prime Minister Mihai Tudose, Deputy Prime Minister Marcel ...

Mihai Tudose announces his resignation as prime minister

Mihai Tudose announced on Monday evening, at the end of the Social Democrat Party (PSD) National Executive Committee (CExN) meeting, that he resigns as prime minister of Ro...

Garanti Bank expects a four per cent GDP growth rate in 2018

Garanti Bank estimates that the growth rate of the gross domestic product (GDP) could reduce speed in 2018, to four per cent, from 6.5 per cent in 2017, mainly due to a slo...

Garanti Leasing signs a loan agreement for 15 million Euro with EFSE

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of 15 million Euro with the European Fund for Southeast Europe (EFSE). The facility is meant to increa...

EIB supports the modernisation of infrastructure in Oradea

The European Investment Bank (EIB) is lending 21 million Euro to the Municipality of Oradea to finance improvements to its urban infrastructure. EIB funds will also support...

Romania plays in the big league, says Deloitte survey

On the backdrop of a stable economic context in the region and with growing macroeconomic indicators, Romania has won the deal doers' trust now becoming a core market for p...