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BRD - GROUPE SOCIETE GENERALE S.A. - BRD

Dividend payment 2017

Release Date: 5/10/2018 4:46:53 PM

IRIS Code: BB2D6

PRESS RELEASE

Bucharest, May 10, 2018

BRD - Groupe Societe Generale  is starting on 31.05.2018 the payment of dividends for 2017

BRD- Groupe Societe Generale SA informs the shareholders of the commencement of payment of dividends for the financial year 2017 on May 31, 2018.

Dividends will be paid through the Central Depository S.A. and BRD - Groupe Societe Generale S.A. (Payment Agent).  

All the shareholders registered in the BRD Shareholders Register, held by the Central Depository S.A., on May 9, 2018 (the registration date) are entitled to cash dividends for the year 2017; the ex-date is May 8, 2018;

The General Shareholders Meeting of BRD - Groupe Societe Generale that took place on April 19, 2018 established a gross dividend of 1.64 lei per share.

The payment of the net dividends the financial year 2017 will be made in RON.

The dividends that are not collected will be prescript after three years from the start of their payment in accordance with the law.

The period of the dividend payment for the financial year 2017 is 31.05.2018 – 31.05.2021, the last day of payment.

Deferred payment date is 30.11.2018.

The dividend tax will be withheld at source and paid to the state budget, in accordance with the tax rates provided by the law.

According to the legislation in force, the dividend tax rates are:

·         5% for resident natural persons;

·         5% for resident legal persons; no dividend tax will be withheld if the beneficiary of the dividends owns a minimum of 10% of BRD’s shares on the date when the dividend is paid, for a full period of one year ending on the date when the dividend is paid.

·         5%  for resident investment funds with legal personality;

·         0% resident investment funds without legal personality; In this respect, the beneficiary of the dividends will send by mail to investor@brd.ro, copies of the official documents (certificate of incorporation/ articles of incorporation,i.e) certifying the status of investment fund without legal personality;

·         0% for voluntary and privately administrated pension funds from Romania; In this respect, the beneficiary of the dividends will send by mail to investor@brd.ro, copies of the official documents (certificate of incorporation/ articles of incorporation,i.e) certifying the status of voluntary and privately administrated pension funds from Romania;

·         0% for pension funds, defined in accordance with the law of a Member State of the European Union or a state of the European Economic Area, subject to existence of the legal instrument under which information is exchanged; In this respect, the beneficiary of the dividends will present official documents (certificate of incorporation/ articles of incorporation,i.e) certifying the status of the pension fund set up according to the the legislation of that state, as well as the original tax residency certificate valid at the date of payment of the dividends;

·         5% for non-resident individuals and legal entities, with the following exceptions:

-         If the beneficiary of the dividends presents the original tax residency certificate from the country of residence, valid at the date of payment of the dividends, the most favorable tax rate between the one provided for in the double tax treaty and the 5% tax rate provided by the Law 227/2015 regarding the Fiscal Code is applicable;

-         No dividend tax will be withheld if the foreign legal entity, beneficiary of the dividends,  meets cumulatively the following conditions provided in art. 229 par. 1c) of Law 227/2015 on the Fiscal Code: is resident in a Member State of the European Union; holds at least 10% of BRD's shares on the date when the dividend is paid, for a full period of one year ending on the date when the dividend is paid; has a specific form of organization and is liable to income tax or a similar income tax in the foreign country of tax residence.

·         5% for non-resident investment funds with or without legal personality; If the beneficiary of the dividends presents the original tax residency certificate from the country of residence, valid at the date of payment of the dividends, the most favorable tax rate between the one provided for in the double tax treaty and the 5% tax rate provided by the Law 227/2015 regarding the Fiscal Code is applicable.

The commissions for the payment of dividends shall be borne by BRD - Groupe Societe Generale SA.

Please find attached forms of payment of dividends for the financial year 2017

 



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