NIS makes dividend payments to its shareholders totaling nearly 7 billion dinars

August 27, 2018

Based on a decision made at the NIS Shareholders’ Assembly meeting held on June 21, shareholders will receive 25 per cent of the net profit of the Association, which amounted to 27,790,460,000 dinars in 2017, as a dividend payout. All shareholders who were registered in the Central Securities Register, Depository and Clearing House as share owners on the Shareholders Day of the tenth NIS Shareholders Assembly regular session, that is June 11, 2018, are entitled to the dividend payout. Serbian citizens who own shares in NIS will be paid 36.22 dinars per share, which is the amount obtained when 15 per cent tax, which NIS is obliged to pay in the payment of dividends to shareholders, is deducted from the gross dividend per share (42.61 RSD). Payment to minority shareholders is made through the Central Securities Depository, to the accounts used for share trading or to the accounts they provided when they applied for free shares. On the Shareholders Day, NIS had 2,099,432 shareholders. Gazprom Neft owns 56.15% of the shares in NIS, while 29.87% of the shares are owned by the Republic of Serbia. The remaining shares belong to private citizens, employees, former employees, and other minority shareholders. On account of the dividend from the profit, the amount of 2,075,622,325 dinars will be paid into the budget of the Republic of Serbia for 2017, and the Republic of Serbia also generates income based on the tax paid on the dividend payments to shareholders. Kirill Turdenev, CEO of NIS, stated regarding the dividend payment: “One of the basic goals of the NIS Development Strategy until 2025 is the creation of new values for the shareholders, our employees, and the community in which we do business. Positive financial results in 2017 enabled us to pay a significantly higher amount to the shareholders on behalf of the dividend than a year before. This year, we are focused on the development of strategic projects of NIS, forming the basis of the future development and providing profitability in order to remain a safe source of income for our shareholders even in challenging times”.