Understanding Dividend Payments for Shareholders
Recently, AB Akola Group engaged its shareholders in an important decision during a general meeting. The shareholders came together to discuss the allocation of profits, which included a proposal to distribute dividends. This payout amounting to 0.03 euros per ordinary registered share is designed to reward the loyal shareholders of the company.
Who Is Eligible for Dividends?
To qualify for these dividends, you must be a shareholder of AB Akola Group as of the dividend record date. The key date to note here is November 15, 2024. It is essential that you hold your ordinary shares on this date to ensure that you are eligible to receive the payout.
Key Dates for Shareholders
A vital date concerning this dividend payment is the Ex-Date, which is November 14, 2024. On or after this date, shares bought on the regulated market, like a stock exchange, will not qualify for the dividend from the financial year 2023/2024. Understanding these dates will help shareholders plan their investment strategies effectively.
How Will the Dividends Be Paid?
The method of distribution for these dividends is organized through the securities account managers associated with AB Akola Group shareholders. Payments will be processed via Nasdaq CSD SE’s Lithuanian branch. Following the necessary tax deduction, the net dividend will be credited to the shareholders' accounts at their respective financial brokerage firms or banks.
Tax Implications for Dividends
When receiving dividends, it is important for shareholders to understand the taxation criteria. For natural persons residing in Lithuania and abroad, the dividend is subject to a 15% Personal Income Tax. Similarly, for legal entities, a 15% Corporate Profit Tax applies unless specific laws state otherwise. Awareness of these tax obligations will be crucial for shareholders to plan their financial expectations accurately.
Additional Information for Shareholders
If you require further assistance or have queries about the dividend process, the Chief Financial Officer of AB Akola Group, Mažvydas Šileika, is available to help. You can reach him via mobile at +370 619 19 403 or through email at m.sileika@akolagroup.lt.
Frequently Asked Questions
What are the dividend payment amounts for AB Akola Group?
The dividend payout for each ordinary registered share is set at 0.03 euros.
When will the dividends be paid to shareholders?
The dividends will be credited to eligible shareholders' accounts after deducting taxes, following the record date.
What is the Ex-Date related to AB Akola Group shares?
The Ex-Date starting from which new shares do not qualify for dividends is November 14, 2024.
How is the dividend amount calculated after tax?
After a 15% tax deduction, the dividend amount will be transferred to shareholders' accounts.
Who can shareholders contact for more information?
Shareholders can contact Mažvydas Šileika, CFO, for inquiries regarding dividend payments.
