Dividends

Dividend Policy of NIS j.s.c. Novi Sad

Our long term dividend policy is to declare dividends totaling at least 15 percent of net profit.

Our dividend policy is based on a balanced approach that takes into account the need to retain earnings for the purpose of financing future investments, the return on equity and the dividend payout ratio.

When proposing dividends, the Company’s Board of Directors takes into consideration a range of factors, including the financial position, investment plans for the upcoming period, loan repayment schedules, the macroeconomic environment and legal requirements. Any of these factors alone or combined, if significant enough, may influence the proposed dividend payment if any.

The decision on the distribution of profits and payment of dividends is adopted by the Shareholders Assembly at the regular annual meeting.

Dividends will be declared annually and in Serbian dinars (RSD).

Dividend policy of NIS j.s.c. Novi Sad has been adopted by Decision of Shareholders' Assembly of NIS j.s.c. Novi Sad on its 4th regular session held on 25 June 2012.

Conditions for dividend payment

If the Company makes a profit, it is distributed in accordance with The Law on Business CompaniesArticles of Association and in compliance with the provisions of Article 8.1.3 of The Agreement on the Sale and Purchase of Shares of Naftna Industrija Srbije a.d. Novi Sad.

Shareholders' Assembly decides on dividend payment, and in its decision, inter alia, the day on which the list of shareholders who are entitled to the dividend is established (dividend day).

Information about dividends paid out for preceding years

2016

The company generated a profit. At the 9th Regular Shareholders Assembly, which was held on 27 June 2017, the decision to allocate 25% of net profit generated in 2016 for dividend payments was adopted. The decision stipulates the payment of 4.0 billion RSD to shareholders, or the gross amount of 24.66 RSD per share.

The shareholders who were registered in the Central Securities Depository and Clearing House, as statutory holders of NIS j.s.c. Novi Sad shares on 17 June 2017 (Record Date) are entitled to the dividend payment. The dividend for 2016 was paid to shareholders on 18 August 2017.

2015

The company generated a profit. At the 8th Regular Shareholders Assembly, which was held on 28 June 2016, the decision to allocate 25% of net profit generated in 2015 for dividend payments was adopted. The decision stipulates the payment of 4.0 billion RSD to shareholders, or the gross amount of 24.69 RSD per share.

The shareholders who were registered in the Central Securities Depository and Clearing House, as statutory holders of NIS j.s.c. Novi Sad shares on 18 June 2016 (Record Date) are entitled to the dividend payment. The dividend for 2015 was paid to shareholders on 19 September 2016.

2014

The company generated a profit. At the 7th Regular Shareholders Assembly, which was held on 23 June 2015, the decision to allocate 25% of net profit generated in 2014 for dividend payments was adopted. The decision stipulates the payment of 7.6 billion RSD to shareholders, or the gross amount of 46.85 RSD per share.

The shareholders who were registered in the Central Securities Depository and Clearing House, as statutory holders of NIS j.s.c. Novi Sad shares on 13 June 2015 (Record Date) are entitled to the dividend payment. The dividend for 2014 was paid to shareholders on 31 August 2015.

2013

The company generated a profit. At the 6th Regular Shareholders Assembly, which was held on 30 June 2014, the decision to allocate 25% of net profit generated in 2013 for dividend payments was adopted. The decision stipulates the payment of 13.1 billion RSD to shareholders, or the gross amount of 80.22 RSD per share.

The shareholders who were registered in the Central Securities Depository and Clearing House, as statutory holders of NIS j.s.c. Novi Sad shares on 20 June 2014 (Record Date) were entitled to the dividend payment. The dividend for 2013 was paid to shareholders on 25 November 2014.

2012

The company generated a profit. At the 5th Regular Shareholders Assembly, which was held on 18 June 2013, the decision to allocate 25% of net profit generated in 2012 for dividend payments was adopted. The decision stipulates the payment of 12.4 billion RSD to shareholders, or the gross amount of 75.83 RSD per share.

The shareholders who were registered in the Central Securities Depository and Clearing House, as statutory holders of NIS j.s.c. Novi Sad shares on 8 June 2013 (Record Date) were entitled to the dividend payment. The dividend for 2012 was paid to shareholders on 20 August 2013.

2011The company generated a profit. The Shareholders Assembly adopted on 25 June 2012 the Decision on Allocation of Profit and Covering Losses for 2011, under which the total profit earned was allocated to cover the losses carried forward from the previous years, and therefore no dividends were paid out.
2010The Company generated a profit. The Board of Directors* adopted on 27 July 2011 the Decision on Allocation of Profit and Covering Losses for 2010, under which the total profit earned was allocated to cover the losses carried forward from the previous years, and therefore no dividends were paid out.
2009The Company generated losses and no dividends were paid out.
2008The Company generated losses and no dividends were paid out.

*In accordance with the NIS Incorporation Act, which was in force at the time when the Decision was enacted, decision-making about profit distribution and loss coverage was within the competence of the Board of Directors.

Certificate of withholding tax paid

Certificate of withholding tax and contributions paid (PPP-PO form)

Certificate of withholding taxes and contributions paid in 2016 for resident natural persons

On this page residents natural persons who have received a dividend payment for 2015 can obtain a certificate of withholding taxes and contributions paid in 2016 (PPP-PO form).

To get this certificate, it is necessary complete all three fields below, and then click on "Search".

If you are unable to print the certificate, you can retrieve it at the Office for Minority shareholders in Novi Sad and Belgrade.

Important: When entering data use Serbian Latin letters (including. č, ć, dž, đ, ž, š).

For a certificate of withholding tax paid on the dividend for resident natural persons for 2012, 2013 or 2014 please contact Minority Shareholders Relations Sector.

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