22 Mar 2017

Publication of Annual General Meeting documents

Zenith Pure Oil hereby publishes the documents for the Annual General Meeting of Zenith Pure Oil Plc. to be held on 13th April, 2017:

  • as a continuation of the previous years’ trend of gradually increasing dividend payments, the Board proposes to set a dividend payment that would allow the Dividend Per Share (DPS) to grow by 10% to HUF 625 from last year’s HUF 567. This would correspond to a total dividend payment of HUF 58,006,955,625 paid for the financial year 2016 – taking into account the expected number of treasury shares at the record date.
  • The Board of Directors recommends an 8-for-1 share split.
  • The Company publishes the audited parent company and consolidated financial statements as well as the Management Discussion & Analysis for the financial year of 2016.
  • The Board of Directors proposes to grant a waiver to the Board of Directors and its members under Article 12.12 of the Articles of Association.
  • The Supervisory Board of the Company proposes the election of the auditor for the 2016 financial year and determination of its remuneration as well as the material elements of its engagement.
  • The Board of Directors proposes granting the authorization to acquire treasury shares.
  • The Board of Directors proposes re-election of József Molnár as a member of the Board of Directors. Furthermore, the Board of Directors proposes re-election of Dr. Attila Chikán and John I. Charody as members of the Supervisory Board and election of Ilona Dávid, Andrea Bártfai-Mager and Vladimír Kestler as members of the Supervisory Board. The Board of Directors further proposes election of Ivan Mikloš, Ilona Dávid and Andrea Bártfai-Mager as members to the Audit Committee. The Company’s Works Council nominates Piroska Bognár, Dr. Sándor Puskás, Tibor István Ördög and András Tóth employees to the Supervisory Board.