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International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 19:14

Grindeks to distribute EUR 9 mln in dividends

BC, Riga, 22.12.2014.Print version
Latvian pharmaceutical concern Grindeks made a decision during an extraordinary shareholders meeting today to distribute EUR 9 million in dividends from the company's 2013 profit, according to a report submitted to the Nasdaq Riga Stock Exchange, cites LETA.

The total 2013 profit of Grindeks amounted to EUR 9,986,053.

 

March 3, 2015 was set as the dividend record date, and March 10, 2015 – as the dividend payment date.

 

Shareholders will receive dividends from the 2013 net profit in the amount of EUR 0.938967 per share.

 

The company's board previously decided to leave profit undistributed, investing it into the company's development in order to increase Grindeks competitive capacity. Meanwhile, the company's largest shareholder – Kirovs Lipmans, whose family, according to information provided by the Financial and Capital Market Commission, owns more than half or 50.02% of the company's shares, submitted a draft project stipulating distribution of dividends for each shareholder in the amount of EUR 1.04 per share.






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