Good news for the government: As of today …

From Friday, the Central Depository will distribute dividends to shareholders Romgaz, a company of which the Romanian state is the largest shareholder, with 70%. The news is extremely good for the government's cash flow, which will receive dividends of about 1.35 billion lei from the gas company.

Shares will be distributed to shareholders for 2017 and dividends from retained earnings. The gross dividend per share is 4.99 lei

According to the Central Depository, the Romgaz dividends will be distributed between 27.07.2018 and 27.07.2021

REFERRING AND Romgaz increased its gas imports by paying 3 times more than initially estimated in the 2018 budget

"Shareholders who are the customers of a clearing and settlement system participant of the central depository may collect their dividends through it.For shareholders who do not have an account with 39, a participant in RoClear, the payment is made either by bank transfer, on the basis of the requests submitted by the shareholders, or in cash, from the bank branches of BRD-GSG SA "

The dividends of Romgaz are so important e n because of the decision of the Board of Directors to distribute dividends on retained earnings and to distribute at least 90% of the dividend income at the request of the Romanian Government

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For this year, Romgaz estimates next year, will distribute to the Romanian state dividends of nearly one billion lei, of only 400 million lei, related to a 50% share of the profit, to which they are obliged by a law passed by the law

According to the data of the revised budget of the company, even if it applied the same share of the profit of 90%, as in 2017, the Romanian State would not pay dividends for the following year [71959003] Romgaz realized a net profit of 501.2 million RON in the first quarter of the year, down 10.6% over the net profit of the same period last year, while its business turnover fell slightly from 1% to 1 , 48 billion rubles compared to the first three months of 2017.

Natural gas production in the first quarter of this year was 1.36 billion cubic meters, 2.3% more than the same period of the year before. As of March 31, 2018, the company has registered 6,157 employees

Since 2013, the company's shares have been traded on the regulated market administered by the Bucharest Stock Exchange under the symbol SNG and on the main market for listed financial instruments. on the London Stock Exchange (LSE), in the form of Global Deposit Rights (GDR) issued by the New York Mellon Bank, under the symbol SNGR

Romgaz has a capitalization of ROL 12.25 billion. The main shareholder is the Romanian State, through the Ministry of Energy, with a 70% stake.