MOL Shareholders Approve HUF55 Billion Dividend Payment on 2015 - Update
14 Aprile 2016 - 12:10PM
Dow Jones News
By Margit Feher
BUDAPEST--Shareholders of oil and gas company MOL Nyrt.
(MOL.BU), Hungary's largest company by revenue, approved at an
annual meeting Thursday the board's proposal for the payment of a
total of 55 billion forints ($201.2 million) in dividends on 2015
earnings.
That's up from last year, when MOL paid a total of HUF50 billion
in dividends after its 2014 results.
MOL shareholders also approved the cancellation of shares
amounting to 2% of the company's registered equity to improve the
firm's capital structure and also to lower the registered equity by
2,090,381 shares to increase the shareholders' return. Shareholders
will receive no compensation upon the share cancellation.
Write to Margit Feher at margit.feher@wsj.com; Twitter:
@margitfeher
(END) Dow Jones Newswires
April 14, 2016 05:55 ET (09:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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