Transilvania Investments Alliance S.A. announces the commencement of the payment of the dividends distributed from the net profit of the financial year 2023 through Depozitarul Central S.A. („Depozitarul Central”) and Banca Transilvania („BT” or „the Payment Agent”), starting on 22.07.2024 (“Payment Date”), as follows:
• The dividend payment will be made in compliance with the capital market regulations and the provisions of the Tax Code in force and in accordance with the Resolution of the Ordinary General Meeting of Transilvania Investments Shareholders no. 1 of 22.04.2024.
• The shareholders entitled to receive dividends distributed from the net profit of the financial year 2023 are the shareholders registered in the Transilvania Investments Shareholder Register, kept by Depozitarul Central, as at 01.07.2024 – “Registration Date” (ex-date 28.06.2024).
• The gross dividend is RON 0.015/share, with the tax on dividends to be withhold at the rate provided by the law. The dividend payment will be made in RON (lei).
• The costs related to the payment of dividends, regardless of the payment method, shall be borne by the shareholders from the value of the net dividend.
• According to the provisions of the Tax Code in force, the standard tax rate applicable to dividend income is currently 8% of the gross amount of dividends, the exceptions regarding the non-taxation of the dividend income being provided separately. Also, non-resident shareholders may benefit from a more favourable tax rate, in accordance with the provisions of the Fiscal Code and the Double Taxation Convention concluded between Romania and the state of residence of the respective shareholder, based on the tax residence certificate valid on the date of dividend payment, submitted by the non-resident shareholder until 08.07.2024 at the latest.
• The payment of dividends afferent to the financial year 2023 is subject to the general provisions on limitation, being time-barred within 3 (three) years from the date of the commencement of payment. The last day of the payment of dividends for the financial year 2023 is 21.07.2027. The uncollected dividends afferent to the financial year 2022 will continue to be paid, along with the dividends related to the year 2023, until the end of the limitation period (22.06.2026).
The dividend payment methods are detailed in the current report: https://transilvaniainvestments.ro/wp-content/uploads/2024/06/Comunicat-plata-dividende-2023-EN.pdf
Brasov, July 3, 2024.
