Ad 2

Pursuant the Trading Company Act, Article 275, and the Statutes of KONČAR - ELECTRICAL INDUSTRY Inc., Article 36, the Annual General Meeting held on 12th July, 2016,‌

Takes the notice of the Managing Board 2015 Annual Report on the position of the Company and dependent Companies.

In Zagreb, on 12th July, 2016

AGM Chairman Vladimir Plečko

KONČAR - ELECTRICAL INDUSTRY, Inc.

Zagreb, Fallerovo šetalište Street No 22

Ad 3.

The AGM takes the notice of the information on 2015 KONČAR - ELECTRICAL INDUSTRY Inc. Financial Reports and 2015 KONČAR GROUP Consolidated Financial Reports as determined by the Managing and the Supervisory Boards including Auditor Reports on the performed audit of financial reports.

In 2015 the Company generated the following amounts expressed in thousands of Croatian kunas (HRK):

  • Total revenues - in the amount of: 193.271

  • Total expenditures - in the amount of: 130.837

  • Profit before taxation - in the amount of: 62.434

  • Income tax - in the amount of: 0

  • Net profits - in the amount of: 62.434

  • Total assets of the Company: 1.626.367

  • Capital, reserves and unallocated profits: 1.572.405

    In 2015 the Končar Group generated the following amounts expressed in thousands of Croatian kunas (HRK):

    - Total consolidated revenues

    - in the amount:

    3.296.461

    - Total consolidated expenditures

    - in the amount:

    3.126.906

    - Profit before taxation

    - in the amount:

    169.555

    - Income tax

    - in the amount:

    18.234

    - Profits after taxation

    - in the amount:

    151.321

    - Total assets:

    3.650.038

  • Capital, reserves and unallocated profits: 2.321.496

In Zagreb, on 12th July, 2016

AGM Chairman Vladimir Plečko

Pursuant the Trading Company Act, Article 275, and the Statutes of KONČAR - ELECTRICAL INDUSTRY Inc., Article 36, the Annual General Meeting held on 12th July, 2016

Takes the notice of the Supervisory Board Report on supervision of management of business operations of the Company in 2015

In Zagreb, on 12th July, 2016

AGM Chairman Vladimir Plečko

KONČAR - ELECTRICAL INDUSTRY, Inc.

Zagreb, Fallerovo šetalište Street No 22

Ad.5.

Pursuant the Trading Company Act, Article 220 (Official Gazette of the Republic of Croatia, NN No.: 111/93, 34/99, 121/99, 52/00, 118/03, 107/07, 146/08, 137/09,

125/11, 111/12, 68/13 and 110/15), and the provision of the Statutes of KONČAR - ELECTRICAL INDUSTRY Inc., Article 22 and Article 23, Para 2, and Article 24, the Annual General Meeting held on 12th July, 2016 reached the following

DECISION

on payment of dividends

1.

Available / retained profits generated in the business year of 2015 in the amount of HRK 30,795,096.00 are allocated for payment of dividends amounting to HRK 12,00 per share

2.

Dividends shall be paid to every shareholder that is registered in the Depository of the Central Clearing Depository Association (SKDD) as a holder of rights arising from the share on the date that falls 15 (fifteen) days after holding of the AGM. That is the date of acquisition of the right to payment of dividends.

3.

The payment of any dividend shall be executed not later than 15 (fifteen) days from the date of acquisition of the claim to pay the dividend.

Explanation:

KONČAR - ELECTRICAL INDUSTRY Inc. Managing Board and Supervisory Board have determined 2015 Financial Statements of the Company on 31st March, 2016.

The net profits of KONČAR - ELECTRICAL INDUSTRY Inc. generated during the business year of 2015 amount to HRK 62,434,471.15. The profits in the amount of HRK 62,434,471.15 are allocated into:

  • legal reserves (5 %) - in the amount of HRK 3,121,723.56

  • other reserves -in the amount of HRK 28,517,651.59 Total HRK 31,639,375.15

It has been proposed to the Annual General Meeting of KONČAR - ELECTRICAL INDUSTRY Inc. to: pay the rest of profits generated in the business year of 2015 in the amount of HRK 30,795,096.00 to shareholders as dividends. The stated amount represents a dividend of HRK 12.00 per share

(the total number of shares 2.572.119 deducted by 5.861 pieces of company own shares = 2.566.258 shares; HRK 30,795,096.00 : 2.566.258 shares = HRK 12.00 per share).

In Zagreb, on 12th July, 2016

AGM Chairman Vladimir Plečko

Koncar - elektroindustrija dd published this content on 12 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 July 2016 07:13:04 UTC.

Original documenthttp://www.koncar.com/documents/KONCAR-anual-meeting-decisions-120716.pdf

Public permalinkhttp://www.publicnow.com/view/CE7562DF0321D170C8EB34F7D70A30879DC7A838