CIG Pannonia shareholders vote to pay no dividend
Shareholders of Hungarian insurer CIG Pannonia decided to pay no dividend at an annual general meeting today. CIG Pannonia had net profit of HUF 82 mln last year, according to Hungarian Accounting Standards.
The shareholders mandated the board to purchase up to 5m A-series treasury shares at a price up to HUF 400 apiece. They also mandated the purchase of up to 1,150,367 B-series and 730,770 C-series interest-bearing treasury shares at a price up to HUF 750 apiece in the next 18 months.
Lender Liquidity Increases Further
Hungary Condemns Iranian Attack on Israel
Home Rental Rates in Hungary Rise 11.7% in March
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
