The 9th Extraordinary Shareholders Meeting of Crnogorski elektroprenosni sistem chaired by the acting Executive Director Ivan Asanović was held today in Podgorica. The proposal of the Decision on allocation of the net profit of Crnogorski elektroprenosni sistem for 2020 in the amount of € 12,459,748 was put forward to the shareholders of this energy company, which is in the spirit of what the Chairman of the CGES Board of Directors, Aleksandar Mijušković announced to the shareholders at the ordinary meeting held in June.
In this regard, the shareholders unanimously adopted the proposal of the Decision to distribute the net profit of Crnogorski elektroprenosni sistem AD for 2020 as provided by the Decision, meaning that a portion of 60 percent, or the amount of € 7,475,848.80 will be paid as a gross amount of dividend to the Company's shareholders, while a portion of the net profit of 40 percent, or the amount of € 4,983,899.20 will be distributed as retained earnings and cumulated with the profit from previous years. The gross value of the dividend per repaid share is € 0.051336453, and the net value, after deduction of income tax, per repaid share is slightly more than four cents or € 0.046716173.
Later during the meeting, the shareholders, pursuant to the Companies Act and the By-Laws of the Company and following the established agenda, unanimously adopted the Decision on dismissal and appointment of new members of the Board of Directors. The reappointed members representing the state capital in the Company are: Aleksandar Mijušković B.Sc.E.E., Predrag Mijajlović B.Sc.E.E., Dušan Kljajić B.Sc. applied computer science, while Oliver Sošić LLB was elected as a new member. The joint stock company "Elektromreža Srbije" on the CGES Board will be represented as before by Jelena Matejić B.Sc.Econ., while Italian energy company Terna - Rete Elettrica Nazionale S.p.A will be represented by former member Guido Guida and Giacomo Donnini, who replaced Giovanni Cerchiarini.
On the same day, a constitutive meeting of the newly appointed Board of Directors was held, at which it was decided that Aleksandar Mijušković should hold the office of the Chairman of the Board of Directors in the next mandate, while Giacomo Donnini should be the Deputy Chairman.