Romania, Electrica Group approved the distribution of 30.9 million euros

, SEE Energy News

The shareholders of Romanian electricity supplier and distributor company Electrica Group approved the distribution of 30.9 million euros from the net profit recorded in 2021 as dividends.

The gross dividend per share of 0.091 euros accounts to a 4.9 % yield for the current market price.

Another 30.9 million euros will be retained as reserves, and 3.2 million euros should be retained as mandatory reserves.

Also, Electrica’s shareholders approved a ceiling of 182 million euros for the bond issues of the company planned for 2022-2023. The bond can be denominated in both local and foreign currencies. It will be issued on the Romanian capital market under a flexible structure, with a fixed or variable interest rate, through one or more separate issues, according to the terms endorsed by the company’s shareholders. The maturity will be set at a maximum of seven years.