Fitofarmacija calls General Meeting for June 26 - Dividend of RSD 152 per share proposed

The Board of Directors of Galenika Fitofarmacija has called a regular Annual General Meeting for June 26th, while June 16th is the Day of Shareholders, the company announced in a release.

AGM will focus on profit distribution, among other things, and the Board of Directors has proposed to payout RSD 200.6 million in gross cash dividend, that is, RSD 152 per share. If AGM agrees to this, this year's dividend will be RSD 8 smaller than last year.

A part of the profit, about RSD 25.5 million, will be paid as bonuses to non-executive members of the Board of Directors. One of the remaining items on the agenda is a proposal to allow the pro-rata buyback of up to 10 percent of the issued capital stock.