S.N.G.N. Romgaz S.A. (Romgaz) prepares the financial statements in compliance with IFRS, according to the provisions of Order no. 881/2012, Order no. 2844/2016, and distributes the net profit according to the legal provisions regarding profit distribution at national companies where the Romanian state is majority shareholder.
Romgaz General Meeting of Shareholders approves the annual financial statements, the net profit distribution, the gross dividend per share, the dividends payment term and method.
Dividends are distributed to shareholders pro rata with their participating interest to the share capital of the Company, each fully paid share grants the titleholder the right to receive dividends.
Moreover, Romgaz shares are underlying the Global Depositary Receipts (GDRs) issued by the Bank of New York Mellon. GDRs are traded on London Stock Exchange and give their holders the right to receive dividends paid in respect to the supporting shares.
Romgaz applies a withholding tax on dividends, in compliance with the applicable Romanian laws. Non-resident shareholders who would like to benefit from the Double Taxation Convention between Romania and their country of residence have to submit a fiscal residence certificate valid for the year the dividend is paid.
The dividend payment is subject to general prescription provisions being limited within 3 (three) years from the payment date.
For more information, see: Dividend Policy of S.N.G.N. Romgaz S.A.