Board of Directors of NIS drafted the decision on the payment of dividends

Board of Directors of NIS j.s.c. held a written session on May 6, 2019, in which, among other things, it drafted the decision of the Shareholders’ Assembly regarding distribution of profit for 2018, payment of dividends, and determination of total amount of the undistributed profit of the Company.

This draft decision regarding distribution of dividends to shareholders anticipates payment of RSD 6,517,524,188, or 25% of the Company’s net profit for 2018. In that year NIS j.s.c. Novi Sad realized a net profit of RSD 26,067,489,000.

The Board of Directors also approved the Annual Report of NIS j.s.c. Novi Sad for 2018, and penned a draft decision of the Shareholders’ Assembly of NIS regarding the adoption of this report. In addition, a report by an independent auditor “PricewaterhouseCoopers” on the audit of the Annual Report of NIS j.s.c. Novi Sad for 2018 was deliberated and accepted, and the draft decision of the Shareholders’ Assembly regarding the adoption of this report was also penned.

The date of holding the XI regular session of the Shareholders’ Assembly shall be determined at a special meeting of the Board of Directors of NIS j.s.c. Novi Sad.

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About NIS

NIS is one of the largest vertically integrated energy companies in Southeast Europe. Its principal activities are exploration, production and refining, sales and distribution of a broad range of petroleum products, as well as the implementation of petrochemical and energy projects. Read more at http://www.nis.eu/en/about-us

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