PPF banka’s General Meeting approves dividend payout
PPF banka a.s. (“PPF banka”): At their General Meeting on Monday, PPF banka’s shareholders approved a dividend payout of almost CZK 1.4 billion
“This is good news for shareholders. The bank has been able to make this high dividend payment thanks to the strong results achieved and because of its active capital management strategy.”
Petr Milev, Chief Executive Officer
On 29 April 2013, the Annual General Meeting of PPF banka a.s. reached a decision on the distribution of the company’s retained earnings by way of dividend payout.
Since PPF banka’s outstanding shares have different par values, the bank’s retained earnings of CZK 1,399,587,876.05 will be distributed in relation to PPF banka’s ordinary shares as follows:
a) Registered shares with a par value of CZK 2,602.50 per share: a share of profit (dividends) will be paid out, with a pre-tax dividend of CZK 4,736.55 for every share of PPF banka with a par value of CZK 2,602.50.
b) Registered shares with a par value of CZK 700 per share: a share of profit (dividends) will be paid out, with a pre-tax dividend of CZK 1,274.00 for every share of PPF banka with a par value of CZK 700.
PPF banka is part of the PPF international investment group. PPF Group N.V. holds 92.96 per cent of the bank’s shares, and the City of Prague holds 6.7 per cent.