Agria‘s shareholders to vote on DPS of BGN 0.3676; share buyback procedure (POSITIVE)

13.05.2022 Source: Agria Group Holding; FFBH

Agria called an AGM on 28 June, an invitation that is yet to be entered into the Commercial Register revealed. For a second consecutive year, a dividend distribution is on the agenda. The proposal is for the distribution of BGN 2.5m (+150% YoY; DPS of 0.3676) including the full 2021 profit of BGN 2.1m and the rest from retained earnings. The dividend yield amounts to 1.3%. The shareholders would also vote on a buyback procedure with the following terms: up to 3% of the issued shares (204k) with lower and upper band of BGN 28 and BGN 33, respectively. The procedure would run between 30 June 2022 and 30 June 2023.