Dividend policy
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). After completing the development of the resorts, management plans to recommend paying out the entire amount of the realized net profit (after tax and compulsory contributions to shareholders funds) as dividends, while in its proposal management will mainly focus on ensuring a continuous and healthy growth of the company.
Press report 21st June 2010 (189 kB)
Rules for the dividends’ payment, methods and place
The demand on the dividends’ payment has the personal entity or the legal person, who was registered as shareholder of Tatry mountain resorts, a.s. and registered in Central Securities Depository of SR, a.s., ul. 29. Augusta 1/A, Bratislava 814 80, ICO: 31 338 976, incorporated controlled by District Court Bratislava I, section Sa, File no. 493/B (thereinafter “CSD) to the 27th of April 2012; or which was established a holder’s account according to §105a, Act no. 566/2001 of Law Codex about Securities and investment services and amending of the certain laws (Securities Act) as amended.
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