BSE shareholders agree to pay full-year profit in the form of dividends

Shareholders of the Bucharest Stock Exchange (BSE) approved so far three key-points on the general meeting agenda, the financial results of last year, the inventory discharge and the profit distribution, sources in the board told NewsIn.

Shareholders will therefore receive a gross dividend of 1.3 lei per share of last-year profit, which amounts to 10.6 million lei, three-fold lower than a year earlier.

Shareholders will also appoint a new administrator, as Petru Prunea had to leave the board after being sanctioned by the capital market watchdog Romanian National Securities Commission. In the running for the vacant position are Valerian Ionescu, financial market chief with Banca Comerciala Romana, Vergil Popescu, vice president at Brokers' Association, Octavian Molnar, general director with the broking firm IFB Finvest and Lucian Croitoru, counselor of the central bank governor.

Petru Prunea is banned from the capital market for five years, after irregularities found at the brokerage firm he had been running, Broker Cluj.

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