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General Assemblies of Hrvatski Telekom d.d.

2017 General Assembly

The General Assembly of Hrvatski Telekom was held in the Company's headquarters in Sky Office in Zagreb, on 25 April 2017. Besides shareholders (74.52 % of total votes), the General Assembly was attended by the members of the Management Board of HT headed by Davor Tomašković, President of the Management Board.

Among other things, it has been confirmed at the General Assembly that in the business year that ended on 31 December 2016, Hrvatski Telekom realized net profit in the amount of HRK 908,796,891.52.
A part of net profit in the amount of HRK 491,313,414.00 shall be paid out as dividend to shareholders, in the amount of HRK 6.00 per share.
A part of net profit in the amount of HRK 417,483,477.52 shall be allocated to retained earnings.

The dividend is to be paid to shareholders on 22 May 2017 and every person registered in the depository of the Central Depository Clearing Company Inc. (SKDD) by 10 May 2017 will have the right to dividend payment.

Frequently Asked Questions

When will the General Assembly be held?

The General Assembly of the Company will be held in the Sky Office, Zagreb, Roberta Frangeša Mihanovića 9, on 25 April 2017 at 10:00 hours.

Where can I find information about the General Assembly?

The invitation to the General Assembly of Hrvatski Telekom d.d. was published on web pages of the Court Register and on web pages of HT, and it was submitted on the same day to the Zagreb Stock Exchange, to HANFA and HINA. It can also be obtained in the seat of the Company.

Who can participate in the General Assembly?

Each shareholder of HT has the right to participate in the General Assembly if they report their participation, either personally or through their representative or proxy, to HT in writing and at the latest six days prior to the holding of the General Assembly, taking into account that the day the application reaches the Company is not included into that deadline, i.e. latest by 18 April 2017.

A shareholder of HT entitled to participate in the General Assembly is any legal entity or private person who is registered as a shareholder of HT with the depository of the Central Depository and Clearing Company, Zagreb, on the last day for the application for participation in the General Assembly, i.e. on 18 April 2017.

How can I vote? Who can vote?

All shareholders may vote if they have applied for participation to HT in due time. Shareholders vote only at the General Assembly, either personally or through their proxies.

Is participation in the General Assembly obligatory? Is participation in the General Assembly a precondition for receiving the dividend?

Participation in the General Assembly is neither obligatory nor a precondition for entitlement to the dividend.

Will HT pay out a dividend and when?

If the General Assembly accepts proposals of the Management Board and the Supervisory Board of HT, a dividend amounting to HRK 6.00 per share will be paid on 22 May 2017.

Who is entitled to the dividend? What is the last day to purchase the shares in order to be entitled to the dividend? What is the first day when I can sell my shares and still be entitled to the dividend?

In compliance with the proposal, the dividend will be paid to shareholders that are registered at the Central Depository and Clearing Company (SKDD) on 10 May 2017.
In order to be entitled to the dividend, the last day for the purchase of the shares is 8 May 2017. The first day on which the shareholders may sell their shares and still be entitled to the proposed dividend is 9 May 2017.

I have HT shares. What do I have to do to receive the dividend?

The dividend is paid through the Central Depository and Clearing Company on the account submitted to the Central Depository and Clearing Company. Potential account changes need to be reported directly to the Central Depository and Clearing Company.
If you need any additional details, please consult the Central Depository and Clearing Company or your broker house.

Who do I need to contact if I have problems with the dividend payment?

The dividend is paid to shareholders through the Central Depository and Clearing Company,
Heinzelova 62a,
p.p. 409, 10002 ZAGREB,
phone: +385 1 4607 300,
facsimile: 385 (1) 4677 696,
e-mail: skdd.za.investitore@skdd.hr

What do I need to do if I have changed the number of the account into which I wish to receive the dividend payment?

If you are a private person, you may do it using free of charge online service My e-account or call +385 1 4607 300. Also, you may deliver by mail a request personally signed by you and attach thereto a copy of the valid identification document or you may come to the Central Depository and Clearing Company’s office. For more details please contact SKDD.

Is the dividend taxable?

The taxation of dividends and share in profit based on share in capital, payable to individuals (resident and nonresident) has been introduced at a rate of 12% for annual receipts over HRK 12,000, from 1 March 2012. Where the Republic of Croatia has signed an international double tax treaty and under international agreements, foreign individuals (nonresident) can be subject to a lower rate of tax or exercise the right to a tax refund.

A withholding tax at the rate of 12% will apply to dividends and shares in profit paid to foreign legal entities, following the effective date of the changes and amendments to the Corporate Income Tax Act, 1 March 2012. An applicable double tax treaty can override this rule, dependent upon agreements signed with specific countries.

For more details please contact Tax Administration, Ministry of Finance or your tax advisor.

How can I receive a confirmation of paid dividend tax?

The Central Depository and Clearing Company (SKDD) delivers to shareholders a notification of dividend tax payment at the beginning of the following calendar year.

For more details please contact the Central Depository and Clearing Company:
Heinzelova 62a,
p.p. 409, 10002 ZAGREB,
phone: +385 1 4607 300,
facsimile: 385 (1) 4677 696,
e-mail: skdd.za.investitore@skdd.hr