Notice of Dividend Amount • Jul 7, 2021
Notice of Dividend Amount
Open in ViewerOpens in native device viewer
In accordance with the Decisions adopted by the Ordinary General Shareholders' Meeting of S.I.F. Oltenia S.A., held on 28.04.2021, we inform the shareholders of the following information regarding the payment of dividends related to the financial year 2020:
The payment of dividends distributed by S.I.F. Oltenia S.A. will be made through Depozitarul Central, as well as the participants in their system in accordance with Law 24/2017, art.86 paragraph 5 and the FSA Regulation no. 5/2018, art.177 and of Banca Comecială Română - the paying agent.
For shareholders natural or legal persons or other entities who on the Registration Date hold shares highlighted in the account opened with a Participant, the dividends will be paid automatically through Depozitarul Central in the Participants' accounts on the Payment Date, if the respective shareholders have not expressed and communicated did not communicate the deferred payment option to Depozitarul Central in the reporting on the Registration Date.
The deferred payment date is only applicable to non-resident shareholders who have an account opened with the Participant and who choose to defer payment at a later date than the Payment Date in order to benefit from the more favorable provisions of the Double Taxation Conventions.
Non-resident shareholders who have an account opened with a Participant (Custodian Bank or Broker), who wish to apply the more favorable provisions of Convention for the avoidance of double taxation concluded between Romania and their country of residence or more favorable provisions applicable to non-resident pension funds (as defined in the legislation of the Member State of the European Union or in one of the EFTA States), in accordance with Law no. 227/2015 updated (and of the methodological norms for the application of Law no. 227/2015 on the Fiscal Code), must submit the Fiscal Residence Certificate for the year in which the dividends are paid, within the validity period, in original or notarized copy, apostille/ superlegalized, if applicable, accompanied by a certified translation. On the notarized copy, the custodian agent, recipient of the original of the fiscal residence certificate will sign with the mention that he holds its original. Notarized copies (in original) of tax residency certificates will comply with the requirements of the Tax Code.
In accordance with the provisions of the Tax Code, the tax residence certificate must contain mainly identification elements of the non-resident, as well as the authority that issued the tax residence certificate, such as: name, denomination, address, tax identification code, the statement that he is a tax resident in the issuing State, as well as the date of issue of the certificate, etc.
Contact details for any clarifications on tax residence certificates will also be sent:
In the case of non-resident shareholders represented by a Participant, S.I.F. Oltenia S.A. will withhold the dividend tax from the gross dividend in the standard rate in force provided by the Romanian Fiscal Code if:
In the case of privately managed pension funds, voluntary (resident) pension funds in order to benefit from the applicable legal provisions, respectively the exemption from the payment of the dividend tax, in accordance with the provisions of Law no.227/2015 on the Fiscal Code with subsequent amendments and completions, S.I.F. Oltenia S.A. requests the Participants/ Fund Management Companies to send until 19 July 2021 a request for payment of gross dividends signed by the legal representative/ person authorized to represent the pension fund containing the following information:
In the case of investment funds without legal personality in order to benefit from the dividend tax exemption, provided by art.43 paragraphs (1) and (2) of Law 227/2015, S.I.F. Oltenia S.A. requests the Participants/ Investment Management Companies/ FDI to send by 19 July 2021 a statutory declaration signed by the legal representative/ person authorized to represent the investment fund without legal personality containing the following information:
the fact that the investment fund it is not a legal entity in the year of obtaining the income (2021);
fund identification data (unique identification/ registration code), as highlighted in the Register of Shareholders kept by Depozitarul Central with the full name of the fund;
The declaration shall be accompanied by a copy of the Confirmation of Company Details relevant for the fund management company/ other equivalent document, not older than 3 months, stating the legal representative of the fund management company. In the case of non-resident funds, there will also be attached a copy of the registration certificate/ other equivalent document for the fund management company.
The documents will be forwarded by mail to the headquarters of S.I.F. Oltenia S.A., str. Tufănele nr.1, Craiova, Dolj or at the email address [email protected].
In the event that the documents mentioned above are not be submitted, S.I.F. Oltenia S.A. will withhold the dividend tax from the gross dividend in the standard rate in force provided by the Fiscal Code.
Depozitarul Central offers the possibility to all shareholders not represented by a participant to collect any amount of money due by bank transfer to a bank account, regardless of the issuer that distributes the amounts of money. The declared bank account is valid until further notice for future distributions. The payment of dividends will be made by Depozitarul Central by bank transfer starting with 30 July 2021, after receiving and verifying the documentation.
Natural or legal persons, who have not submitted the IBAN Code Collection Form until now or who wish to amend the previously submitted IBAN Code Collection Form, will proceed according to the regulations incident to the activity of Depozitarul Central, as follows:
2.1 Holders of financial instruments natural persons, personally or through a legal or conventional representative, will present to the Central Depository IBAN code collection form, specifying the bank and the code (IBAN code) opened in the name of the Holder of financial instruments (the model is available on the website of Depozitarul Central www.depozitarulcentral.ro), accompanied by:
2.2 Holders of financial instruments legal entities, through legal or conventional representative, will present to Depozitarul Central IBAN code collection form, specifying the bank and account (IBAN code) opened in the name of the Holder of financial instruments (the standard form is available on the website of Depozitarul Central www.depozitarulcentral.ro), accompanied by:
copy of the document certifying the capacity of legal representative of the company (Conformation of Company Details issued by the trade register/ equivalent entity - for foreign entities) - certified by the holder "true copy";
copy of the documents attesting the capacity of conventional representative of the signatory of the application, if applicable - certified by the holder "true copy";
2.3. The documents submitted in a foreign language will be accompanied by the legalized translation into Romanian, and if they are issued by a foreign authority, they must be apostille or superlegalized, as the case may be.
2.4. IBAN code collection forms will be sent to Depozitarul Central - Bucharest, Bld. Carol I, nr. 2. 334-36 sector 2 or will be deposited at the headquarters of Depozitarul Central.
Note: The documentation provided for in points 2.1, 2.2 and 2.3 will be sent only once to Depozitarul Central, to be used for the distribution of any sums due to the respective shareholder in its relationship with issuers for which Depozitarul Central provides registry services/ distribution of sums of money. The shareholder will notify Depozitarul Central of any change in the information related to the bank account.
For the shareholders not represented by a Participant, natural persons, who do not request and/ or do not send the necessary documents for payment by bank transfer, the payment of dividends may be made in cash, by making available by S.I.F. Oltenia S.A. the amounts due, through to Depozitarul Central, at the BCR counters, in any BCR unit, starting with 30 July 2021.
The paying agent will be able to make cash payments within the amounts established in the applicable legislation (according to Law no. 70/2015, starting with 30 July 2021, individual shareholders will be able to raise cash dividends up to the amount of LEI 10,000).
Any payment made at the counter will be confirmed by the signature of the person who actually withdraws the amounts of money, on the receipt related to that payment.
Dividends may be picked up by shareholders in person or through a legal or conventional representative, as follows:
o the identity card of the guardian/ parent +1 certified photocopy for conformity with the original (photocopy is retained).
In the case of the Holders not represented by the Participant, resident individuals having established a guardianship, the payment of the sums of money is made through the trustee of that person, based on the following documents:
Documents submitted in a foreign language must be accompanied by a certified translation into Romanian and if they are issued by a foreign authority, they must be apostilled or superlegalized, as appropriate.
No over-the-counter dividend payments will be made in the following cases:
For payments made on the Payment Date (30 July 2021), in the case of non-resident shareholders who do not have an account with a Participant and who wish to apply the more favorable provisions of the double taxation treaty concluded between Romania and their country of residence or the more favorable provisions applicable to non-resident pension funds (as defined in the legislation of the Member State of the European Union or one of the EFTA States), in accordance with the updated Law no. 227/2015 (and the methodological rules for the application of the Law no.227/2015 on the Tax Code), the non-resident shall submit the Tax Residence Certificate for the year in which the payment of dividends takes place, within the validity period, in original or certified copy, apostilled/super-legalized, if applicable, accompanied by a certified translation, as well as contact details for any clarifications on the tax residence certificates, to the S.I.F. Oltenia S.A. headquarters in Strada Tufănele nr.1, postal code 200767, Craiova, Dolj County until 19 July 2021. If the shareholder does not present the tax residence certificate, the tax withheld will be calculated by applying the rate corresponding to resident shareholders.
In the case of shares held in co-ownership, the payment of dividends will be made according to the following particularities:
In the case of shares held in co-ownership on the Registration Date, the payment of dividends will be made as follows:
In the case of deceased shareholders, dividends are to be paid at the request of the successors by bank transfer or cash only after the heirs have previously applied to Depozitarul Central and the transfer of shares to the successor(s) has been registered as a result of the succession and after updating the data in the records of the Paying Agent, following the request of Depozitarul Central.
Dividends due to shareholders whose value does not cover the distribution expenses generated by the payment through Depozitarul Central (in the case of holders of maximum 70 shares of S.I.F. Oltenia S.A.), will be distributed at the request of the shareholder from the headquarters of S.I.F. Oltenia S.A. through the cashier, without a fee, starting with 30 July 2021.
S.I.F. Oltenia S.A., Depozitarul Central and Banca Comecială Română, as the case may be, reserve the right to request additional documents from the shareholder/ proxy following the analysis of the dividend payment requests.
We inform you that starting with 25.05.2018, S.I.F. Oltenia S.A. applies the provisions of EU Regulation no. regarding the processing of personal data. The policy of S.I.F. Oltenia S.A. on the protection of individuals with regard to the processing of personal data (GDPR) is posted on the company's website.
Additional information on the dividend payment procedure can be obtained from:
• Depozitarul Central SA: tel. 021 408 5856, 021 408 5923
e-mail: dividends @ depozitarul central.ro
• S.I.F. OLTENIA S.A. 0251 419 397, 0251 419 398, 0251 419 343 e-mail: [email protected]
President/ General Manager
Sorin-Iulian Cioacă
Compliance Officer Viorica Bălan
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.