Understanding Telia Lietuva's 2024 Dividend Payment Process
Overview of Dividend Payments by Telia Lietuva
Telia Lietuva, AB is pleased to inform its shareholders about the dividend payment process for the year 2024. The allocation of the company’s profit has been set to reward shareholders with a payment of EUR 0.11 per share. This decision was ratified during the Annual General Meeting with careful consideration of the company’s financial health and prospects.
Eligibility for Dividends
For shareholders to be eligible for dividend distribution, they must hold shares in Telia Lietuva, AB by the closing of the specified date, which is designated as the end of the tenth business day following the Annual General Meeting. This means that those who are shareholders as of 13 May 2025 will be entitled to receive the planned dividends.
The Ex-Date and Its Significance
The Ex-Date is critical for potential investors. This date marks the first day on which shares of Telia Lietuva, AB acquired in the regulated market will no longer be entitled to the dividends for 2024. This date is set for 12 May 2025, and any purchases made on or after this date will not include rights to the upcoming dividend payment.
Distribution Process of the Dividends
Beginning on 27 May 2025, dividends will be distributed. The payout process is outlined as follows:
- Shareholders who have their Telia Lietuva shares managed by a financial brokerage company or credit institution will see the dividend credited to their accounts after applicable taxes are deducted.
- For those whose shares are held by the authorized custodian, AB SEB bankas, the payout will follow the same procedure, where shareholders can indicate their preferred account details for the transfer.
Tax Implications for Shareholders
Taxation on dividends is an important consideration for shareholders. The payment structure includes specific withholding rates based on residency:
- For natural persons who are residents of Lithuania and foreign countries, a withholding Personal income tax of 15% applies to dividend payments.
- Legal entities, similarly classified by residency, will face a withholding Corporate income tax of 16%, subject to any applicable exemptions under the law.
International Shareholders and Tax Agreements
Foreign shareholders residing in countries that have agreements on Avoidance of Double Taxation with Lithuania can benefit from reduced tax rates. To take advantage of these tariffs, it is necessary to submit a Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source using form FR0021 (DAS-1). This form must comply with legal standards and be submitted to Telia Lietuva by 20 May 2025.
Contact Information for Shareholder Inquiries
For further inquiries regarding the dividend payment process, shareholders are encouraged to reach out directly to the company’s Investor Relations. Darius Džiaugys, the Head of Investor Relations, is available for assistance:
Darius Džiaugys
Head of Investor Relations
Phone: +370 5 236 7878
Email: darius.dziaugys@telia.lt
Frequently Asked Questions
What is the dividend amount for 2024?
The dividend amount is set at EUR 0.11 per share for the year 2024.
Who is eligible for the dividend payout?
Shareholders as of 13 May 2025 will be eligible for the dividend payment.
What is the Ex-Date?
The Ex-Date is 12 May 2025, meaning shares purchased on or after this date will not include dividends.
How will dividends be taxed?
Tax rates include a 15% withholding for individuals and 16% for corporations unless exemptions apply.
How can international shareholders reduce their tax rates?
They can utilize tax agreements by submitting form FR0021 (DAS-1) to Telia Lietuva by 20 May 2025.
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