Market News


2019 profit distribution proposal

Release Date: 3/16/2020 7:35:07 PM

IRIS Code: BB69A

No. 1791/16.03.2020

To:        Financial Supervisory Authority                                         

Fax: 021- 659.60.51

Bucharest Stock Exchange

Fax: 021-256.92.76



according to Law no. 24/2017 on issuers of financial instruments and market operations and Regulation no. 5/2018 on issuers of financial instruments and market operations


Date of report: 16 March 2020

Name of issuer: Bursa de Valori Bucuresti S.A.

Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest, postal code 020922

Telephone/fax number: + 40 21 3079500; + 40 21 3079519

Sole registration number with the Trade Register Office: 17777754

Trade Register number: J40/12328/2005

Share capital: RON 80,492,460

Regulated market on which the issued securities are traded: Bucharest Stock Exchange, Premium Tier


Significant event to be reported: 2019 profit distribution proposal – item 2 on OGMS agenda of April 29/30, 2020


Bursa de Valori Bucuresti S.A. hereby informs investors that, from the net profit obtained by BVB in the period January 1, 2019 – December 31, 2019 in the amount of Ron 6,962,791 the amount of Ron 403,334  is proposed to be distributed in order to build the legal reserves according to the provisions of article 183 of the Companies Law no. 31/1990, republished, with further supplemented and amended.   


The net profit in the amount of Ron 6,559,457, left after taking out the amount of Ron 403,334 needed to set up the legal reserves fund, is proposed to be fully distributed to the shareholders of BVB in the form of dividends.


By fully distributing the amount of Ron 6,559,457 in the form of dividends, each share, including BVB own shares, will correspond to a gross dividend amounting to 0.81491 Ron. If at the proposed and approved registration date, the BVB will hold its own shares, the gross dividend / share will be recalculated (the own shares will not be taken into account in the gross dividend / share calculation). At February 29, 2020, BVB owned 24,508 shares.


Adrian Tanase








Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved