One United Properties convened the General Meeting of Shareholders (GMS) for April 26th, 2022. On the agenda of the GMS are, among other items, the approval of the payment of the second tranche of the dividends, share capital increase with cash contributions, share buyback as well as the election of new members of the Board of Directors.
“Despite the continuous investments in our development, we continue to maintain an excellent cash position and therefore, in line with our dividend policy, the Board of Directors is proposing to the annual General Meeting of Shareholders a distribution of the second tranche of the 2021 dividend, amounting to 8.6 million euro,” said Victor Capitanu, co-CEO at One United Properties.
For 2021, One United Properties proposes to pay a total gross dividend of EUR 15.2 million. The first tranche of gross dividends of EUR 6.6 million was approved in the GMS in September 2021 and paid in October 2021. The Board of Directors proposed to the shareholders the approval of the second tranche in the amount of EUR 8.6 million. If approved in the annual GMS, the gross dividend of 0.0033 euro per share will be paid on May 30th, 2022. One United Properties’ dividend policy includes the payment of dividends on a semi-annual basis.
The proposal for the election of the Board of Directors is as follows. The mandates of all seven current Members of the Board of Directors are set to expire on April 26th, 2022. The Board members will be elected for a one-year mandate, in line with international standards. The candidates proposed by the Company’s Nomination and Remuneration Committee are Claudio Cisullo (current Chairman of the Board of Directors), Victor Capitanu, Andrei-Liviu Diaconescu, Dragos Manda, Marius Diaconu, all of whom are currently part of One United Properties Board of Directors, as well as two new Board Member proposals: Augusta Dragic and Magdalena Soucek.
