Annual report 2016

ANNUAL REPORT 2016 • Železiarne Podbrezová a.s. 39 The Company’s share capital in the amount of EUR 81 060 590 comprises 2 384 135 ordinary certified reg - istered shares. The face value is EUR 34 per share. According to general binding legal regulations and the Company’s Articles of Associations, a share is as- sociated with the shareholder’s right to participate in Company management, and in its profit and liquida - tion balance upon the dissolution of the Company by liquidation. The shares are not publicly tradable on the stock market. The transfer of the shares is subject to the Company’s approval. INFORMATION FOR SHAREHOLDERS Share in the registered capital & voting rights CPA s.r.o. 78.31% HOLD s.r.o. 2.10% Other legal entities 0.02% Private individuals 19.57% Company’s shareholders as at 31 Dec 2016 Proposal for the payment of dividends and royalties from Retained earnings from previous years and the proposal for the distribution of the 2016 profit submitted to the AGM of Shareholders to be held on 27 June 2017 (in EUR) Retained earnings from years 2004 to 2010 8 751 256 Use: - Dividends to shareholders (EUR 1 per share i.e. 2.94% from the face value of the share) 2 384 135 - Royalties to the members of the Board of Directors 550 000 - Royalties to the members of the Supervisory Board 180 000 Net profit for 2016 36 234 973 Distribution: - Mandatory allotment to the reserve fund - - Transfer to retained earnings from previous years 36 234 973 Balance of the Reserve fund after profit distribution 16 212 118 Balance of the Retained earnings from previous years after profit distribution 97 496 913 of which: Retained earnings from years 2004 to 2010 6 367 121 0.1% Foreign shareholders 20% Private individuals 99.9% Slovak shareholders 80% Legal entities