April 29, 2021 Sárszentmihály. According to the plans, the annual General Meeting of Masterplast took place smoothly, where the Board of Directors decided under the authority of the General Meeting in view of the pandemic situation.
The consolidated audited account of the company was accepted, where the sales revenue was in line with the quick report, however, the company’s operating and after-tax income was higher with €200,000 than it had been previously published.
The General Meeting also decided on the amount of the dividend, which HUF44-value per share is equal to the forecast published previously in the strategic plans. In the light of the better results, the company’s dividend policy would have enabled the payment of higher-level dividends, however management has taken into account the resource estimate for the company’s ongoing and planned investments. The dividend will be paid in the first half of October 2021, and the company will publish the related detailed information by 30 June 2021.
In addition to unchanged remuneration, the General Meeting extended the mandate of the current members of the Board of Directors.
The framework of the company’s Joint Owner Program for Employees (MRP – munkavállalói résztulajdonosi program) for the years 2021-2022 has been accepted, offering share-based incentives to the company’s Hungarian managers and key employees.
To ensure the strategic development of Masterplast and the operation of the MRP system, the Board of Directors has been authorized to purchase additional treasury shares, whereby the company may purchase 3 million shares within 18 months.
Masterplast Nyrt.
Founded in 1997, the Masterplast group is one of the leading building material producer and distributor companies in the Central Eastern European region. The company group owns subsidiaries in 10 countries, and sells products in a further 30 countries. The company is registered in the premium category on the Budapest Stock Exchange, and had revenue of 201,8 million euros in 2022.