Session of NIS Board of Directors Held

On 14 May 2018, Board of Directors of NIS j.s.c. Novi Sad held its CIX written session, on which, among other things, it drafted the Decision of Shareholder Assembly regarding distribution of profit for 2017, payment of dividends and determination of total amount of retained earnings of the Company.

This draft decision regarding distribution of dividends to shareholders anticipates payment of RSD 6,948,033,644 i.e., 25 % of the Company’s net profit from 2017. Net profit of NIS j.s.c. Novi Sad for 2017 amounted to RSD 27,790,460,000.

Board of Directors also approved of the Annual Report of NIS j.s.c. Novi Sad for 2017, and defined draft decision of the Shareholders Assembly of NIS regarding adoption of this report. In addition, the Report made by Independent Auditor, PricewaterhouseCoopers, on completed audit of Annual Report of NIS j.s.c. Novi Sad for 2017 was deliberated and the draft decision of the Shareholders Assembly of NIS regarding adoption of the said Report defined.

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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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