Dividend payment for 2018
The dividend amount
On 27 June 2019 Shareholders' Assembly of NIS j.s.c. Novi Sad has adopted the Decision on profit distribution for 2018, Dividend Payment and Determining the Total Amount of Retained Profit of NIS j.s.c. Novi Sad.
This decision determines that the dividend is to be paid to NIS j.s.c. Novi Sad shareholders in cash, in the gross amount of RSD 6,517,524,188 i.e. in the gross amount of RSD 39.97 per share.
Withholding tax will be deducted from this amount (for resident natural persons the current tax rate is 15%). The amount of tax will be calculated and paid for shareholders by NIS, so the shareholders are not required to contact Serbian tax authorities regarding the tax on dividend.
In accordance with the decision of the Shareholders Assembly, the shareholders registered in the Central Securities Depository and Clearing House as legal owners of NIS j.s.c. Novi Sad shares on the Record date (Dividend Day) i.e. on 17 June 2019 are entitled to dividend payment from the profit for 2018, in proportion to the number of shares they owned on that day.
Date of dividend payment
Dividend for 2018 was payed to all shareholders on 17 September 2019.
Dividend payment procedure
In connection with the payment of dividends, entities that are residents of Serbia should not submit to NIS any information before the payment (does not refer to custody and joint accounts) because the payment for minority shareholders will be made through the Central Securities Depository and Clearing House, in the following manner:
- To shareholders who have an active account of financial instruments, dividend will be paid on the cash account used for trading in shares. In case the dividend is not paid into the cash account of the shareholders within 15 working days from the date of payment of the dividend, it is necessary to contact NIS for submission of instructions for payment of the dividend;
- Shareholders who do not have an active account of financial instruments as their account has been terminated after the Dividend day, may submit to the corporate agent of NIS (Vojvodjanska banka) instructions for dividend payment until the day preceding the day of calculation of dividend;
- Shareholders who received shares as employees or former employees and who have not opened a securities account until the record date will be able to withdraw the paid amount in person at Vojvodjanska banka with their personal ID card within 15 days of the payment of the dividend. After this deadline, dividend payment will be made by NIS upon the request of the shareholder for payment of the dividend that will be available on the website;
- Shareholders who received 5 NIS shares as citizens, will be able to withdraw the dividend from the cash account that they registered when they signed up for free shares (shareholders need to notify the Bank Postanska stedionica about changes regarding their registered cash account). If a shareholder has registered a cash account opened with Bank Postanska stedionica, dividend can be withdrawn at the Post office with personal ID card.
Decisions and notifications
|27 June 2019||Decision of Shareholders' Assembly on profit distribution for 2018, dividend payment and determining the amount of retained earnings of NIS j.s.c. Novi Sad (pdf, 445KB)|
|11 July 2019||Notification to members of the Central Depository and Clearing house (submitting Residence Certificate and information on beneficial owners of income) (pdf, 92KB)|
|3 September 2019||Notice of intent to pay dividend for 2018 (pdf, 923KB)|
|16 September 2019||Notice of dividend payment for 2018 (pdf, 122KB)|