News of the Company
Dividend Payment Procedures 20142015-05-21
On 30 April 2015, the Ordinary General Shareholders Meeting of Invalda Privatus Kapitalas AB, decided to allocate the Company’s profit for the year 2014 and to pay out 0.05 dividend per share (face value of one ordinary registered share is EUR 0.29).
Dividends will be paid to the shareholders who at the Shareholders rights accounting day, i.e. on 15 May 2015 were shareholders of Invalda Privatus Kapitalas AB.
Invalda Privatus Kapitalas AB concluded an agreement with the AB Šiaulių bankas, according to an agreement the dividends will be paid out in the following order by the AB Šiaulių bankas:
- to the shareholders, whose Invalda Privatus Kapitalas AB shares are accounted by a financial brokerage company or credit institutions, which provide securities accounting services, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ accounts held with a respective financial brokerage company or credit institution;
- to the shareholders, whose Invalda Privatus Kapitalas AB shares on behalf of the Company are accounted by the authorised custodian AB Šiaulių bankas, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ specified accounts with AB Šiaulių bankas or the accounts with any other Lithuanian commercial bank as indicated by the shareholders. The requests with account indications should be submitted to branchs of AB Šiaulių bankas.
Dividends paid will be taxed as follows: dividends paid to natural persons are subject to withholding Personal income tax of 15 per cent; dividends paid to legal entities are subject to withholding Corporate income tax of 15 per cent, unless otherwise provided for by the laws. The tax will be withheld and paid by the Invalda Privatus Kapitalas AB.
Residents of the foreign countries, which have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, could take advantage of reduced tariffs provided by such agreements by submitting Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1). The form should be completed following the law requirements and presented to AB Šiaulių bankas together with the broker’s confirmation by 22 May 2015.
For additional information on payout of the dividends please contact AB Šiaulių bankas by phones:
+370 (41) 595 652; +370 (41) 500 704; +370 (37) 395 507; +370 (37) 301 430.