Banca Transilvania, the largest lender in Romania by assets, plans to distribute cash dividends worth RON 600 million (EUR 125 mln) to its shareholders, according to a notice to investors about the General Meeting of Shareholders to take place on April 26, according to Romania-Insider.com.
The proposed gross dividend per share is RON 0.115, representing 6.4% of the current share price (RON 1.806 as of March 26).
In addition to the cash dividends, Banca Transilvania’s shareholders will have to decide on the proposal to increase the share capital by RON 522 mln (EUR 108 mln), by issuing 522 mln new shares, with the nominal value of RON 1.
