about us | newsletter | contact | archive | members area
Bogdan Dimitriu, Federal Mogul
"The local industry is more competitive now in terms of both operators and labour force »
  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  |  5792 Views
Daily Info
Vienna Insurance Group posts 221 million Euro profit in the first half of 2017

Vienna Insurance Group reached a profit before taxes of around 221 million Euro (9.6 percent increase) in the first half of 2017, with all figures showing improvement, a press...

Commercial property investments in Romania reached 530 million Euro in the first six months

In H1 2017, the total volume invested in commercial property in Romania reached 530 million Euro, compared to 370 million Euro during H1 2016, a 43 per cent increase, accordin...

AFI Europe Romania posts increasing net operating income in H1 2017

AFI Europe Romania published its H1 2017 financial results, generating a Net Operating Income (NOI) from its income producing assets in Romania of 25 million Euro in H1, repre...

Bonds of Globalworth will start trading on Bucharest Stock Exchange on July 31

Bucharest Stock Exchange (BVB) informs that the bonds of Globalworth will start trading on the main market on July 31, 2017, and are defined by the following: 5,500 bonds, nom...

OTP Bank Romania to take over Banca Romaneasca from National Bank of Greece

The National Bank of Greece signed an agreement with OTP Bank Romania on the sale of its equity holding of 99.28 per cent in Banca Romaneasca. The transaction involves the sha...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment...

Sorin Grindeanu hails the support for CVM lifting before 2019

Prime Minister Sorin Grindeanu met at Victoria Palace with the European Commission President Jean-Claude Juncker. The meeting was also attended by the Public Finance Minist...

PM Sorin Grindeanu: 5.7 per cent economic growth - confirmation that the measures taken by the Government are the right

The 5.7 percent economic growth registered in the first quarter of 2017, as compared to the first quarter of 2016, an evolution which exceeds the expectations of analysts a...

President Iohannis to hold political consultation to designate future PM

Parliamentary parties are invited today to the Cotroceni Presidential Palace for consultations with President Klaus Iohannis over the designation of the future prime minist...

EU bank supports expansion of Regina Maria private healthcare network in Romania

The European Investment Bank (EIB) is lending 15 million Euro to support the expansion of a private healthcare network in Romania, a press release shows. This agreement is ...

Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

Deloitte: The M&A market has doubled in the first half of the year

The M&A market in Romania has reached 889 million Euro in the second quarter of the year according to public sources and disclosed transactions, more than double compared t...