The Assembly of Shareholders of the Montenegrin Electric Transmission System (CGES) decided to distribute 5,96 million euros of profits from 2012 to the shareholders through a dividend.
The amount remaining after taxes are deducted from EUR 6,5 million will be distributed to the state, which owns 55 percent, to the Italian company Terna, which has 22,08 percent of the shares, and to investment funds and minority shareholders who own the remaining shares.
The executive director of CGES, Ivan Bulatović, told the shareholders who attended the assembly that they will all receive four cents per share.
Details on the method and terms of payment will be announced later. The dividend will be paid to shareholders who own company shares on the day of the decision, based on the list of the Central Depository Agency.
The decision was made keeping in mind the positive financial results in previous years, and "appreciating the justified need to share the profit from 2012 with all CGES shareholders".
The assembly was also attended by the chairman of the Board of Directors Dragan Laketić, his deputy Luiđi de Francisi and a total of 13 shareholders and proxies representing 82,9 percent of the capital.
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