June 15 (SeeNews) - Croatian blue-chip distributor of fast-moving consumer goods Atlantic Grupa [ZSE:ATGR] said its shareholders approved on Wednesday a proposal to carry out a 1 to 4 stock split without increasing the company's capital.
Each of the company's regular shares with a nominal value of 40 kuna ($5.5/5.3 euro) per share will be split into four shares with a nominal value of 10 kuna per share, the company said in a filing to the Zagreb bourse.
Currently, its share capital totals 133.37 million kuna and is distributed in 3,334,300 shares with a nominal value of 40 kuna.
Following the stock split, the company's capital will be distributed into 13,337,200 shares with a nominal value of 10 kuna.
The shareholders also approved a proposal to distribute a dividend of 50 kuna per share this year, up from last year's payout of 40 kuna.
Ex-dividend date is June 23, record date is June 24, and payment date is July 5.
The company will pay the dividend out of its retained net profit reported for 2020. The net profit of 263.8 million kuna for 2021 will be retained.
Atlantic Grupa is a regional distributor of fast-moving consumer goods and a producer of functional foods and supplements. It also owns a pharmacy chain in Croatia.
The company's shares traded 1.23% lower at 1,600 kuna intraday on Thursday, bourse data showed.
(1 euro = 7.525 kuna)