AIKB: Board of Directors AIK Banka proposed a new cash dividend

The Board of Directors AIK Banka (AIKB) proposed a new item on the Agenda of the EGM, scheduled for September 2nd, regarding a conversion of the part of other reserves of the company into retained earnings and payment of dividends.

According to the proposal, retained earnings in the amount of RSD 3.38bn (EUR 27.4m) would be distributed in the following way: RSD 141.5m (RSD 125.5 per share) to the owners of priority cumulative shares (AIKBPB), RSD 5.1m (RSD 125.5 per share) to the owners of priority convertible shares (AIKBPC) and RSD 3.2bn (RSD 390 per share) to the owners of ordinary shares. Record date is on September 2nd. Squeeze-out process at AIK Banka has been completed at the end of June. The bank’s shareholders structure, besides MK Group, now accounts minorities that have shares under pledge and minorities that still have opened legal proceeding against a squeeze-out decision.

Source: Wisebroker

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