Dividends

Bittnet Group has a stable dividend policy. Since listing on the AeRO market of the Bucharest Stock Exchange back in 2015, the company has distributed the accrued profits to shareholders, in the form of free shares, a process which is expected to continue in the following years.

Throughout the years, the following allocation ration has been proposed by the management and approved by shareholders:

• The 2019 profit and the issue premiums from the previous capital increases with cash contributions were used for the allocation of free shares in a 7:10 proportion. Through this operation, the company increased its share capital from 12,724,984.70 RON to 21,632,474 RON.
• For the 2018 profits, the allocation ratio was 1:1. As a result, in 2019, the company increased its share capital with the sum of RON 5.523.320,50 by issuing ​55.233.205 new shares with a nominal value of RON 0.1 per share.
• For the 2017 profits, the allocation ratio was 3:5. As a result, in 2018, the company increased its share capital with the sum of RON 1.826.655,40 by issuing 18.266.554 new shares with a nominal value of RON 0.1 per share.
• For the 2016 profits amounting to RON 1,180 million, the allocation ratio was 1:1. As a result, in 2017, the company increased its share capital with the sum of RON 1.451.412,3 by issuing 14,514,123 new shares with a nominal value of RON 0.1 per share.
• For the 2015 profits amounting to RON 1,033 million, the allocation ratio was 2:1. As a result, in 2016, the company increased its share capital with the sum of RON 900,876.6 by issuing 9,008,766 new shares with a nominal value of RON 0.1 per share.