The General Assembly of the Montenegrin Electricity Transmission System, on the last day This year, it adopted a resolution to distribute €16.24 million in gross dividends. This is part of our company's retained earnings. from previous years, which at the end of last year amounted to 28.71 million euros. The dividend will be paid in cash, and neto value The dividend per share will be 0.101 EUR.
Crnogorski Elektroprenosni Sistem will notify its shareholders in due course of the date and method of dividend payment through the media, as well as via the Company's website.
The Assembly, during the continuation of its session, approved the repurchase of shares from dissenting shareholders who voted against the decision on pledging the assets of CGES at the 6th Extraordinary General Meeting of Shareholders, held on 31 October 2018.the acquisition of shares from dissenting shareholders who voted against the decision to pledge CGES's assets at the 6th Extraordinary General Meeting of Shareholders, held on 31 October 2018, and who have fulfilled all the prior conditions for share acquisition prescribed by Article 32a of the Law on Commercial Companies.
As a reminder, the Montenegrin Electricity Transmission System, based on its business results for the nine months of 2018, recorded a net profit of 4.2 million euros.