Shares of Moldova's largest financial institution maib will be split at the ratio of 100:1, after which the par value of the bank's securities will decrease from 200 to 2 lei. A special correspondent of INFOTAG agency reported that the decision was approved by an extraordinary shareholders meeting on Wednesday.
The share split will be carried out without any changes in the bank's authorized capital. Now, the authorized capital of maib will amount to 207,526,800 lei, divided into 103,763,400 common registered shares of 2 lei each.
The meeting also approved the decision on profit distribution for 2021, including dividend payment. According to the decision of the meeting, 252,373,341 lei of the 2021 profit (243.22 lei per share - "I.") were allocated to the reserve of retained earnings in order to pay dividends. The meeting recommended the Board and the Council to reapply to the National Bank for approval to pay dividends from 2021 profits in 2023, after the geopolitical and macroeconomic situation improves and the risk of unfavorable scenarios decreases.
Shareholders approved the admission to trading on the regulated external market of maib shares. It is a sector of securities (category of international shares) on the Bucharest Stock Exchange. The meeting approved the decision to register maib shares with the financial supervisory authority and the Romanian central depository system.
Source: infotag.md
