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According to the draft resolution of the shareholders’ meeting, it is planned to pay a total of 1,507,697 euros in dividends from the profit earned in 2020, but it is planned to leave the remaining part of the profit earned last year in the amount of 1,937,475 euros undistributed.
It is planned to set June 29, 2021 as the “ex-date” of dividends, ie the date from which the shareholders will not receive dividends for the acquired shares for which a decision has been made to pay dividends. It is planned to set 30 June 2021 as the dividend entry date, but 1 July as the dividend payment date.
The regular meeting of Madara Cosmetics shareholders will take place on June 14.
It has already been reported that Madara Cosmetics had a turnover of 16.075 million euros last year, which is 39.2% more than a year earlier, while the company’s profit increased 2.2 times and amounted to 3.445 million euros.
The largest owners of the company are Uldis Iltners (23.93%), Lote Tisenkopfa-Iltnere (23.77%), Finland Transmeri Group Ab (22.94%), Zane Tamane (6.67%) and Liene Drāzniece (6.79%). Madara Cosmetics shares are listed on the Nasdaq Riga alternative market First North.
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