Sirma Group Holding will distribute BGN 0.015 gross DPS (NEUTRAL)
11.01.2023
Source: Sirma Group Holding; FFBH
At the EGM, held on January 9, the shareholders of Sirma Group Holding (SGH) voted to distribute a total of BGN 0.9m as interim dividend for 2022, or BGN 0.015 gross DPS, which corresponds to 89.1% payout and 2.0% dividend yield. Ex-dividend date is 23 January. The shareholders also approved amendments to remuneration policy of the company’s management and extension of the share buyback program until August 25, 2024. Recall that in 2019, Sirma approved the buyback of up to 19m (32%) of the outstanding shares at a price range between BGN 0.10 – 2.00. The buyback amount is limited to BGN 20m.