EUR 0.85 dividend confirmed for Sava Re shareholders


EUR 0.85 dividend confirmed for Sava Re shareholders

Ljubljana, 25 May (STA) - The shareholders of the insurance group Sava Re confirmed at Tuesday's annual general meeting (AGM) the dividend payout of EUR 0.85 gross per share for 2020. They also appointed two new members of the supervisory board and extended the term of another supervisor.

The AGM representing 79.85% of the voting rights endorsed the proposal by the management and supervisory boards that EUR 13.17 million out of EUR 23.81 in distributable profit from the end of last year be allocated for dividends.

The remaining EUR 10.63 million will be retained, Sava Re said in a press release.

The VZMD association of small shareholders had proposed EUR 20.15 million to be allocated for dividends at EUR 1.30 gross per share, but the proposal was rejected. The association announced it would challenge the decision.

As the four-year terms of three members of the supervisory board who represent shareholders expire on 16 July, Keith William Morris's term was extended by another four years and Matej Gomboš and Klemen Babnik were appointed new supervisors.

The management and supervisory boards were given discharge of liability for last year.

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