Dividend payment for 2016
The dividend amount
Shareholders' Assembly of NIS j.s.c. Novi Sad has on 27 June 2017 adopted the Decision on profit distribution for 2016, 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 payed to NIS j.s.c. Novi Sad shareholders in cash, in the gross amount of RSD 4,021,069,000 i.e. in the gross amount of RSD 24.66 per share.
Withholding tax was deducted from this amount (for resident natural persons the current tax rate is 15%). The amount of tax was 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 with 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 2017 are entitled to dividend payment from the profit for 2016, in proportion to the number of shares they owned on that day.
Date of dividend payment
In accordance with the decision of the CEO of NIS j.s.c. Novi Sad dividends were payed to shareholders on 18 August 2017.
Dividend payment procedure
In connection with the payment of dividends, entities that are residents of Serbia should not submit to NIS any information (does not refer to custody and joint accounts) because the payment for minority shareholders was made through the Central Securities Depository and Clearing House, in the following manner:
- To shareholders who opened equity account until the record date, dividend was paid on the cash account used for trading in shares;
- Shareholders who received shares as employees or former employees and who have not opened an equity until the record date are able to withdraw the payed amount in person at Vojvodjanska banka with their personal ID card.
- Shareholders who received 5 NIS shares as citizens, are 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 If a shareholder has registered a cash account opened with Bank Postanska Stedionica, dividend can be withdrawn at the Post office with personal ID card.
Certificate of withholding tax paid
Natural persons - residents of the Republic of Serbia can download the Certificate of withholding tax paid on dividend for 2016 on the following page: Shares and Dividend > Dividends.