Agria‘s shareholders approved DPS of 0.1471 BGN; share buyback procedure (NEUTRAL)

05.07.2021 Source: Agria Group Holding; FFBH

At the GSM, held on 29 June, the shareholders of Agria Group Holding approved the distribution of BGN 1m or DPS of BGN 0.1471. The payout ratio and dividend yield (calculated with the last closing price of BGN 10.1) would be 49.6% and 1.46%, respectively. Ex-dividend date is 12 July. The shareholders also voted in favour of a buyback procedure with the following terms: up to 3% of the issued shares (204k) with lower and upper band of BGN 8 and BGN 14, respectively. The procedure would run between 30 June 2021 and 30 June 2022.