The Ercros shareholders' meeting approves, for the first time in its history, the payment of a dividend
Barcelona
The Ercros ordinary general shareholders' meeting, which was held today in Barcelona, has approved all the proposals of agreement contained in the agenda, among which stand out several proposals related to shareholder remuneration.
Specifically, the meeting has approved the payment of a dividend of EUR 0.04 per share covered by the 2016 profit, which was EUR 45.16 million. The shareholder’s remuneration has also included the repurchase of 3.1 million treasury shares for its redemption. The program will culminate with a capital reduction, which has also been approved by the shareholders' meeting, after which the earnings per share (BPA), which at the end of 2016 was 0.40 euros, will be 0.42 euros. The joint payout of the cash payment and the repurchase of shares amounts to EUR 13.44 million, equivalent to 30% of the 2016 profit.
Specifically, the meeting has approved the payment of a dividend of EUR 0.04 per share covered by the 2016 profit, which was EUR 45.16 million. The shareholder’s remuneration has also included the repurchase of 3.1 million treasury shares for its redemption. The program will culminate with a capital reduction, which has also been approved by the shareholders' meeting, after which the earnings per share (BPA), which at the end of 2016 was 0.40 euros, will be 0.42 euros. The joint payout of the cash payment and the repurchase of shares amounts to EUR 13.44 million, equivalent to 30% of the 2016 profit.
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