Agria shareholders vote to retain 2019 earning, reject bonus payments to BoD (NEUTRAL)
03.08.2020
Source: Agria Group Holding; FFBH
Agria Group Holding decided to retain its BGN 0.6m profit despite the discontent of some of its shareholders. Minority shareholders control some 23% of the shares, 5.02% of them are held by Doverie universal pension fund. Agria has not distributed dividends during the last 10 years as the management claims the company needs the profit to be reinvested in the holding.
The GSM also voted against the decision for distribution of BGN 300k (half of the net profit) among the members of the BoD again after the item on the agenda caused serious disturbance with minorities.