Deciding on the use of the profit shown on the balance sheet and the payment of dividends, and authorizing the Board of Directors to decide on the distribution of dividends and the distribution of funds from the invested unrestricted equity reserve
The company has reported weaker results, reflecting the ongoing macroeconomic uncertainty caused by global market instability. Under these circumstances, it is prudent to monitor developments closely.
In accordance with the company’s dividend policy, the target dividend payout ratio for each financial year is at least ten percent of Afarak Group’s full-year EBITDA.
The Board of Directors proposes to the Annual General Meeting that, based on the balance sheet to be adopted for the financial year ended December 31, 2024, no dividend be distributed by a resolution of the Annual General Meeting, but that the Board of Directors be authorized to decide on the distribution of a total maximum of EUR 0.005 per share as a dividend from retained earnings and/or as funds from the invested unrestricted equity reserve. The authorization would be valid until December 31, 2025. The Board of Directors would make separate decisions on the amount and timing of the distribution of dividends and/or funds from the invested unrestricted equity reserve. The company will separately announce each such decision by the Board of Directors.