Under the articles of association, the profit remaining after the allocation to the reserves is at the disposal of the General Meeting of Shareholders (Article 36.2).
In addition to these provisions in the articles of association, it was agreed with the shareholders that the to be distributed dividend as from 2023 will amount to maximum 50% of the net profit from ordinary activities, under the condition that this dividend payment would not result in Enexis possibly losing its A rating profile within five years.
This dividend policy ensures that shareholders can expect a predictable and stable dividend. At the same time, this policy ensures sufficient equity capital growth and demonstrates the shareholders’ willingness to actively support a healthy financial position.
You can read more about the profit appropriation proposal for the financial year 2023 in Profit Appropriation.