INL: Procedure for the payout of dividends for the year 2014
Dividends will be paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 8 April 2015 were shareholders of INVL Baltic Farmland, AB.
From 22 April 2015 the dividends will be allocated in the following order:
- to the shareholders, who’s INVL Baltic Farmland, AB shares are accounted by a financial brokerage company or credit institutions, which provide securities accounting services, the amount of dividend, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ account held with a respective financial brokerage company or credit institution;
- to the shareholders, who’s INVL Baltic Farmland, AB shares on behalf of the Company are accounted by the authorised custodian Finasta AB FBC, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ account with Lithuanian commercial bank as indicated by the shareholders (requests with account indications should be submitted to any branch Maironio st. 11, Vilnius). Shareholders, who have received shares of INVL Baltic Farmland during the split-off procedure from Invalda LT (code 121304349) and who have indicated their accounts for the allocation of dividends of Invalda LT at Finasta AB FBC, dividends will be transferred to following shareholders account.
Procedure for taxable dividends for the year 2014
- dividends paid to natural persons–residents of the Republic of Lithuania and natural persons–residents of foreign countries are subject to withholding Personal income tax of 15 per cent;
- dividends paid to legal entities of the Republic of Lithuania and legal entities–residents of foreign countries are subject to withholding Corporate income tax of 15 per cent, unless otherwise provided for by the laws.
For additional information on payout of the dividends please contact Finasta AB FBC tel. 1813.
The person authorized to provide additional information:
Darius Sulnis
Director
Email: darius@invaldalt.com
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