In recent years the Group has consistently paid dividends to shareholders. According to the notice of the general meeting of the shareholders published on 21 February 2023, the Management Board proposed to pay 27.7 million euros as dividends that is 0.68 euros per share. The general meeting of shareholders approved the proposal. The amount of a dividend distribution has been determined by reference to:

• The optimal structure of capital that is required for the Group’s sustainable development;
• The overall rate of return on the local securities market;
• The dividend expectations of the majority shareholders.

Dividend pay-out history

Dividend obligation to shareholders is recognised in the financial statements from the moment the payment of dividends and the distribution of profits are approved by the general meeting of shareholders. The general meeting of shareholders was held on 17 March 2023, and the amount of the dividend payment of 0.68 euros per share from the net profit was approved.

The TKM Group has no ongoing litigation that could significantly adversely affect net profit in the future and, as a result, reduce dividend payments.