| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | UNI - EN REPORT No | 14 | / | 2016 | | | | | | Date of issue: | 2016-05-10 | | | | | | | | | | | Short name of the issuer | | | | | | | | | | AB INTER RAO LIETUVA | | | | Subject | | | | | | | | | | | | | Notice on the procedure for the payment of dividends | | | | Official market - legal basis | | | | | | | | | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
| | | | Unofficial market - legal basis | | | | | | | | Contents of the report: | | | | | | | | | | | On 29 April 2016, the Annual General Meeting of Shareholders of AB “INTER RAO Lietuva" _code 126119913, registered address: Antano Tumėno str. 4, Vilnius, the Republic of Lithuania_ decided to allocate AB “INTER RAO Lietuva" profit for the year 2015 and to pay out EUR 0.805 dividend per share.
Dividends shall be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting of Shareholders that adopted a decision on dividend payment, i.e. on 13 May 2016 will be shareholders of AB “INTER RAO Lietuva".
Dividend will be paid out in the following order on 24 May 2016:
The amount of dividend for shareholder shall be calculated by multiplying the amount of shares held by shareholder by dividend per one share and rounding the result in the following order:
_i_ if the result of the figure in fraction _i.e. up to the third figure after comma_ would be equal or bigger than 0,005, the shareholders’ amount of the dividend shall be rounded up until 2 figures after comma, that is – expressed in cents, to the higher amount, by adding one to the second figure after comma;
_ii_ if the result of the figure in fraction _i.e. up to the third figure after comma_ would be smaller than 0,005, the shareholders’ amount of the dividend shall be rounded up until 2 figures after comma, that is – expressed in cents, to the lower amount, leaving the second figure after comma unchanged.
- to the shareholders, whose AB “INTER RAO Lietuva" shares are accounted by AB “LIETUVOS CENTRINIS VERTYBINIŲ POPIERIŲ DEPOZITORIUMAS" _the Depository of Lithuania_, the amount of dividends, after deduction of personal income tax or corporate income tax applicable by the laws of Lithuania, shall be transferred to the shareholders’ accounts held within a respective brokerage firm or credit institution that holds accounting of AB “INTER RAO Lietuva" shares owned by such shareholder;
- to the shareholders, whose AB “INTER RAO Lietuva" shares are accounted by the Central Securities Depository of Poland “Krajowy Depozyt Papierów Wartościowych S.A." _the Depository of Poland_, the amount of dividends, after deduction of withholding taxes applicable by the laws of Lithuania, shall be transferred to the Depository of Poland. The Depository of Poland, having received the dividends from AB “INTER RAO Lietuva" or its representative, shall transfer them to companies that hold accounting of AB “INTER RAO Lietuva" shares owned by shareholders and these companies shall transfer dividends to the shareholders’ accounts held with a respective a company or credit institution.
Dividends shall be taxed as follows:
- to shareholders, whose AB “INTER RAO Lietuva" shares are accounted by the Depository of Lithuania:
-- dividends paid to natural persons-residents of the Republic of Lithuania and natural persons-residents of foreign countries are subject to withholding income tax of 15 per cent;
-- dividends paid to legal entities-residents of the Republic of Lithuania and legal entities-residents of foreign countries are subject to withholding tax of 15 per cent, unless otherwise provided for by laws. - Dividends paid to shareholders, whose AB “INTER RAO Lietuva" shares are accounted by the Depository of Poland, shall be taxed with withholding tax of 15 per cent.
Right to refund tax or part of it
Shareholders of AB “INTER RAO Lietuva", whose shares are accounted by the Depository of Lithuania and who are residents of the foreign countries, which have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, willing to take advantage of such contractual benefits, shall have the right within five years from the dividends’ payment day, to submit to Vilnius County State Tax Inspectorate the enclosed Claim of Resident for Reduction of Deducted Tax, form FR0022 _DAS – 2_, and to refund from the budget of the Republic of Lithuania tax or part of it that was withheld by AB “INTER RAO Lietuva". The form FR0022 _DAS-2_ filled according to the enclosed Regulations on the completion of forms must be submitted to Vilnius County State Tax Inspectorate together with the certificate regarding dividends’ paid out to the shareholders, issued by the company that holds accounting of AB “INTER RAO Lietuva" shares owned by such shareholder.
Shareholders of AB “INTER RAO Lietuva", whose shares are accounted by the Depository of Poland and who are residents of the foreign countries which have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, willing to take advantage of such contractual benefits, shall have the right within five years from the dividends’ payment day, to submit to Vilnius County State Tax Inspectorate the Claim of Resident for Reduction of Deducted Tax, form FR0022 _DAS – 2_, and to refund from the budget of the Republic of Lithuania tax or part of it that was withheld by AB “INTER RAO Lietuva". The form FR0022 _DAS-2_ filled according to the provisions of laws must be submitted to Vilnius County State Tax Inspectorate together with certificates regarding dividends paid out to the shareholders, issued by the Depository of Poland and the company that holds accounting of AB “INTER RAO Lietuva" shares owned by such shareholder.
ENCLOSURES:
1. Claim of Resident for Reduction of Deducted Tax, form FR0022 _DAS – 2_.
2. Regulations on the completion of forms.
Legal grounds: Article 56 section 1 point 1 in connection with article 56 section 6 of the Polish Act of 29 July 2005 on Public Offering and Conditions governing the Admission of Financial Instruments to Trading on Organized Markets, and on Listed Companies | | | | Annexes | | | | | | | | | | | | | File | Description | | | | | Claim of Resident for Reduction of Deducted Tax, form FR0022 _DAS – 2_ | | | | | Regulations on the completion of forms | | |
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-0,30% -1,19gr
