Zavarovalnica Triglav dd : A Counterproposal to the Draft Resolution of the Agenda of the General Meeting of Shareholders
May 20, 2019 at 10:38 am EDT
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Zavarovalnica Triglav received from VZMD, a shareholder, a counterproposal to the draft resolution of the agenda of the General Meeting of Shareholders of the Company regarding the distribution of accumulated profit and the dividend amount.
The Management Board and the Supervisory Board of Zavarovalnica Triglav proposed a dividend payment of EUR 2.50 gross per share to the General Meeting of Shareholders. The shareholder proposed a dividend payment of EUR 2.80 gross per share mostly due to good business results of the Company in recent years and the minority shareholders' costs of holding shares. The Management Board does not support the proposed counterproposal as it does not take into account the aspects of capital adequacy, financial stability, the credit rating and the targeted growth and development of Triglav Group, thereby potentially exposing the Group to excessive, even regulatory risks. In past years, the dividend paid out by the Company has provided a high dividend yield, which will remain at over 7% by paying out the dividend of EUR 2.50 gross per share. The General Meeting of Shareholders will be held on 28 May 2019.
For more information see http://seonet.ljse.si/?doc=LATEST_PUBLIC_ANNOUNCEMENTS.
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Zavarovalnica Triglav dd published this content on 20 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 May 2019 14:37:05 UTC
Zavarovalnica Triglav dd is Slovenian-based company principally engaged in the insurance and financial services. Zavarovalnica Triglav dd is the controlling company of the Triglav Group which offers insurance, asset management and banking services. Zavarovalnica Triglav dd, Zdrastvena zavarovalnica dd and Pozavarovalnica Triglav Re dd provide wealth, life, voluntary additional pension and health insurances. The insurance sector of the Company also operates in the Czech Republic, Croatia, Bosnia and Hercegovina, Montenegro, Serbia and Macedonia. Through Triglav DZU ddo, Triglav Nalozbe financna druzba dd and Triglav nepremicnine dd the Company provides investment fund management, real estate and banking services. As of June 22, 2012, the Company acquired a 100% stake in Investicijsko podjetje, Trgovanje z lastnimi nepremicninami doo from Sava dd.