Proposed Dividend for Petrol d.d., Ljubljana Shareholders
Ljubljana, 18 March 2021 - At its 59th meeting held today, the Supervisory Board of Petrol d.d., Ljubljana discussed and approved the audited Annual Report of the Petrol Group and Petrol d.d., Ljubljana for the year 2020.
The dividends proposed for 2020 correspond to the dividends for 2019 and were set by taking into account necessary investments, free cash flow, the Company's debt levels, development plans, retained earnings from previous years, appropriate net financial debt to EBITDA ratio and the liquidity situation.
Based on the adopted dividend policy, which pursues stable returns for owners and sound financial position of the Company, the Supervisory Board and the Management Board will propose to the General Meeting of Petrol d.d., Ljubljana a dividend payment for 2020 of EUR 22.00 per share (gross) totalling EUR 45,222,716.00.
President of the Supervisory Board
Nada Drobne Popović
President of the Management Board