RMK Energy implements a dividend policy which ensures that the shareholders of the funded public offering have equal rights in all respects with the previous shareholders, including the right to dividend distribution in accordance with the provisions of the Company’s Articles of Association and applicable laws and regulations.
With due regard to financial conditions, RMK Energy plans to pay cash dividends in cash or in cash to all shareholders at least once a year. The amount of dividends to be distributed is determined by the Company’s profit in the financial year, without neglecting the level of financial soundness and without prejudice to the right of the GMS to determine different matters in accordance with the Articles of Association.
As of December 31, 2021, RMK Energy has not paid dividends due to the large amount of reqired working capital, especially to fulfill new coal procurement contracts. After the initial public offering, the Company plans to distribute dividends of up to 20% of the net profit for the year. The Company’s policy on dividend payment will be decided through the Annual GMS which is held annually. The Company shall pay its dividends in the year when the Company recorded a positive profit sale and after deducting reserves in accordance with the Limited Company Law (UUPT).
RMK Energy’s dividend payout will depend on a number of factors, including:
Thus, for the 2021 financial year period, there is no information regarding the dividends distributed, including the percentage of total dividends to net income, date of payment of cash dividends and/date of payment of noncash dividends, amount of dividends per share, amount of dividends paid per year, information on the percentage of dividends paid to net income (payout ratio) as well as the date of announcement and payment of cash dividends.
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