The primary objective of the Board of TATRY MOUNTAIN RESORTS, a.s. is to ensure appreciation of shareholders' investment in shares of TMR, mostly through:
- TMR shares price growth through successful implementation of the investment strategy
- Stable dividend policy, providing annual return in the form of dividends
- Taking advantage of unique benefits in the shareholders' club valued at approximately 10% of the investment
At the General meeting, with the goal to fulfill the investment strategy, the Board will propose a dividend pay-out at 70% of the net profit for next four years (till 2014).
Rules for the dividends’ payment, methods and place
The right to the dividend payout is held by a person or a corporate entity, who was as of 03 May, 2013 (The record date for determining a person’s right to dividends) registered at the Central Securities Depository of the Slovak Republic, a.s. ul. 29 augusta 1/A, Bratislava 814 80, Slovak Republic, Identification number: 31 338 976, registered in the Business Register of the District Court Bratislava I, Section, Sa, Insert No.: 493/B (hereinafter referred as “CDCP”), as a shareholder Tatry mountain resorts, a.s. Company, or who had a custody account opened pursuant to §105a Act number 566/2011 Coll. Securities Act and the Act on Investment Services and on amending of some acts (Securities Act) as amended.
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Payment of health insurance contributions on dividend income:
The obligation to pay health insurance contributions on dividends paid out from profit according to Act No. 580/2004 Coll. On Health Insurance, as amended, for the first time concerns dividends paid out from profit achieved in the accounting period starting after 01/01/2011.
In case of Tatry mountain resorts, a.s. (TMR) the obligation to pay the public health insurance contributions concerns the dividends paid out from TMR’s profit for the accounting period that started on 01/11/2011 and ended on 31/10/2012, i.e. the dividends that TMR will be paying out upon their approval by the General Meeting in 2013.
The shareholder (dividend recipient) who receives dividends in the amount less than €393.00 is not obliged to pay any health insurance contributions on this income.
The contribution rate for dividend income has been set by law at 10%; for persons with a handicap at 5%.
Further details on contributions on dividend income (disclosure requirements, contribution base, etc.) are provided by relevant health insurance providers: