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CROATIA osiguranje offers double dividend payment on preference shares

CROATIAosiguranje d.d. proposed to offer an accumulative dividend of224.00 Croatian kuna per preference share for 2014 and 2015.

The dividend to be paid out for each year has been set at 112.00kuna per preference share, totaling 980,000.00 kuna per year.

The company said it is obliged to pay out a dividend onpreference shares in the amount of 8% of their nominal value, but the paymentwas not made for 2014 due to losses it incurred.

Shareholders will vote on the dividend proposal at a generalmeeting scheduled for June 9, with the payment to be carried out 30 days later.

The company posted a net profit of 46.8 million kuna for2015.

As of May 5, US$1 wasequivalent to 6.59 Croatian kuna.