Zavarovalnica Triglav d d : Insurance Supervision Agency’s measure regarding the dividend payments
May 21, 2020 at 06:40 am EDT
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In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana hereby publishes the following notice:
Zavarovalnica Triglav informed the public of the Insurance Supervision Agency's call upon the insurance companies to suspend the payout of dividends from accumulated profit and not to undertake any irrevocable commitment to pay out dividends by 1 October 2020. In accordance with the regulator's call, the Management Board and the Supervisory Board of Zavarovalnica Triglav d.d. proposed to the regular annual General Meeting of Shareholders of Zavarovalnica Triglav d.d. that accumulated profit, which amounted to EUR 60,543,475 as at 31 December 2019, remain undistributed.
On 20 May 2020, Zavarovalnica Triglav d.d. received a letter from the Insurance Supervision Agency entitled 'Insurance Supervision Agency's measure regarding the dividend payments', by which it expects that the shareholders of (re)insurers and pension companies suspend the dividend payments until at least 1 October 2020. The letter is attached hereto.
This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 21 May 2020 and will remain available on the Company's public website for a period of at least five years.
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Zavarovalnica Triglav dd published this content on 21 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2020 10:39:56 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.