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| October 20, 2021 |
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BRD - GROUPE SOCIETE GENERALE S.A. - BRD

2020 Dividend payment

Release Date: 5/11/2021 1:29:47 PM

IRIS Code: 64D30

PRESS RELEASE

Bucharest, May 11, 2021

BRD - Groupe Societe Generale  is starting on June 4, 2021 the payment of dividends for 2020

BRD- Groupe Societe Generale SA informs the shareholders of the commencement of payment of dividends for the financial year 2020 on June 4, 2021.

Dividends will be paid through the Central Depository S.A. and BRD - Groupe Societe Generale S.A. (Payment Agent).  

All the shareholders registered in the BRD Shareholders Register, held by the Central Depository S.A., on May 13, 2021 (the registration date) are entitled to cash dividends for the year 2020; the ex-date is May 12, 2021;

The General Shareholders Meeting of BRD - Groupe Societe Generale that took place on April 22, 2021 established a gross dividend of 0.0749 lei per share.

The payment of the net dividends the financial year 2020 will be made in RON.

The dividends that are not collected will be prescript after three years from the start of their payment in accordance with the law. The period of the dividend payment for the financial year 2020 is 04.06.2021 – 04.06.2024, the last day of payment.

Deferred payment date is 29.11.2021.

The dividend tax will be withheld at source and paid to the state budget, in accordance with the tax rates provided by the law.

According to the legislation in force, the dividend tax rates are:

·         5% for resident natural persons;

·         5% for resident legal persons; no dividend tax will be withheld if the beneficiary of the dividends owns a minimum of 10% of BRD’s shares on the date when the dividend is paid, for a full period of one year ending on the date when the dividend is paid.

·         5%  for resident investment funds with legal personality;

·         0% resident investment funds without legal personality; In this respect, the beneficiary of the dividends will send by mail to investor@brd.ro, copies of the official documents (certificate of incorporation/ articles of incorporation,i.e) certifying the status of investment fund without legal personality;

·         0% for voluntary and privately administrated pension funds from Romania; In this respect, the beneficiary of the dividends will send by mail to investor@brd.ro, copies of the official documents (certificate of incorporation/ articles of incorporation,i.e) certifying the status of voluntary and privately administrated pension funds from Romania;

·         0% for pension funds, defined in accordance with the legislation of a Member State of the European Union or a state of the European Economic Area, provided that there is a legal instrument on the basis of which the exchange of information takes place; In this regard, the beneficiary of the dividends will present official documents (certificate of registration / articles of incorporation, etc.) showing the status of pension fund established under the law of that state, as well as a Certificate of tax residence valid on the date of payment of dividends (in original or in certified copy issued by an authorized entity from Romania, accompanied by an original of the authorized translation into Romanian);

·         5% for non-resident individuals and legal entities, with the following exceptions:

-         If the beneficiary of the dividends presents a tax residence certificate from the country of tax residence (in original or in certified copy issued by an authorized entity from Romania, accompanied by an original of the authorized translation into Romanian), valid on to the payment of dividends, the most favorable tax rate becomes applicable between the one provided for in the double tax treaty and the 5% tax rate provided by the Law 227/2015 regarding the Fiscal Code is applicable;

-         No dividend tax is withheld if the foreign legal entity that receives the dividends cumulatively meets the conditions provided in art. 229 para. 1 let. c) of Law 227/2015 on the Fiscal Code: is resident in a member state of the European Union; holds at least 10% of the share capital of BRD at the date of payment of dividends, for an uninterrupted period of at least 1 year; has some form of organization and is a payer of income tax or a tax similar to income tax in the foreign country of tax residence.

       5% for investment funds with or without non-resident legal personality; if the beneficiary of the dividends presents a tax residence certificate from the country of tax residence (in original or in certified copy issued by an authorized entity from Romania, accompanied by an original of the authorized translation into Romanian), valid on the date of payment dividends, the most favorable tax rate between the one provided in the double taxation agreement and the 5% rate provided in Law 227/2015 on the Fiscal Code becomes applicable.

The commissions for the payment of dividends shall be borne by BRD - Groupe Societe Generale SA.

Please find attached forms of payment of dividends for the financial year 2020.

 

 



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