The dividend policy of ATLANT Inc. (hereinafter referred to as the Company) is based on the balance of interests of the Company and its shareholders. The Company strives for increasing the dividends to be paid to the shareholders on the basis on the obtained net profit for the year and needs of the development of the production and investment activities of the Company.
Payment of the Dividends
The Company shall pay dividends according to the results of the financial (calendar) year.
In accordance with the CHARTER of the Company the Decision on paying the dividends shall be made by the General Meeting of Shareholders on the basis of recommendations of the Supervisory Council about their amount and terms of payment.
The Company is only entitled to make a decision on paying the dividends after all the taxed and other mandatory payments have been made as well as the losses of the current periods born through the Company's fault have been covered.
The Company is not entitled to make decisions on declaring and/or paying as well as pay dividends, if:
- The value of the Company's net assets is less than the sum of its authorized fund and reserve funds or would become less that the said sum in case of payment of the dividends;
- The Company has steady nature of insolvency in accordance with the legislation on the economic insolvency (bankruptcy), or if the Company would be have such nature as a result of payment of the dividends;
- The redemption of the shares on the shareholders' requirement has not been completed.
A portion of the Company's profit assigned to paying the dividends shall be distributed between the shareholders is directly proportional to the quantity of the shares belonging to them.
The dividends shall be only paid on the placed shares.
List of shareholders entitled to receive dividends
The list of shareholders entitled to receive dividends are to be drawn up based on the data of the same Register of security holders, on the basis of which the list of persons entitled to participate in the General Meeting of Shareholders of the Company which made the decision on payment of the respective dividends, was drawn up.
The shareholder can get to know, whether he/she/it is included in the list of persons entitled to receive dividends, in the Law Department of the Company:
Address: suite 978, 61 Pobeditelei Ave., Minsk
Tel: (017)369-58-69, 51-62 (internal)
Contact person:: Rudyak Maxim Sergeevich
Business hours: from 9.00 to 17.00 (working days); Saturday and Sunday are off work
Dividend payment procedure
The dividends shall be paid in the monetary units of the Republic of Belarus by transferring them to the shareholders' accounts indicated in the questionnaire presented by the shareholder to the Company's depository or sent through the departments of Belpochta, Republican Association. The Company's shareholders being individuals having no bank account can receive the dividends through the Company's pay office. The dividends returned by the banks and those payable to the heirs of the Company's shareholders, which were not received by the testator, shall be also paid through the Company's pay office. To receive the dividends, the heirs shall submit personally to the Company's Law Department:
- Application (download)
- Copy of the Certificate of the Right of Inheritance;
- Copy of the extract from the deposit account received in the depository of the Company.
In addition to the above listed documents, the heirs' agents shall also submit the duly certified Power of Attorney.
The monetary means payable to the Company's shareholder being an individual fulfilling the alimony obligations shall be paid with the deduction of the means payable as alimony.
The taxation of the payable dividends shall be executed in the order determined by the legislation of the Republic of Belarus. In 2011, the income tax rate for individuals is 12%.
The peculiarities of paying the dividends on the shares being in state ownership are established by the legislation of the Republic of Belarus.
Statistics of paying the dividends for the preceding years
|Year of payment||
Amount assigned for paying the dividends
roubles per annum
Amount of the dividends per 1 share
roubles without accounting the taxes
|Date of drawing up the list of persons entitled to receive the dividends||Term of payment of the dividends|
|2010||4 362 294 681||972,9||25.02.2011||с 25.07.2011|
|2011||11 766 616 437||2624,3||29.02.2012||с 25.07.2012|
|2012||4 738 300 000||1056,78||21.02.2012||с 25.06.2013|
|2013||They are not paid in accordance with the decision of the annual general meeting of shareholders (Minutes No. 43 of March 31, 2014)|
|2014||They are not paid in accordance with the decision of the annual general meeting of shareholders (Minutes No. 43 of March 31, 2014)|
|2015||They are not paid in accordance with the decision of the annual general meeting of shareholders (Minutes No. 43 of March 31, 2014)|