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    TEL1L   LT0000123911

TELIA LIETUVA, AB

(TEL1L)
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Telia Lietuva : Procedure for the payment of dividends for the year 2020

04/30/2021 | 11:10am EDT

On 27 April 2021, the Annual General Meeting of Shareholders of Telia Lietuva, AB (code 121215434, registered address: Saltoniškių str. 7A, Vilnius, Lithuania) decided to allocate the Company’s profit for the year 2020 and to pay out EUR 0.10 dividend per share.

Dividends will be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting that adopted a decision on dividend payment, i.e. on 11 May 2021 are shareholders of Telia Lietuva, AB.

The Ex-Date or the first day from when on regulated market (i.e. on stock exchange) with settlement period of T+2 acquired shares of Telia Lietuva, AB do not entitle to the dividends for the year 2020 is 10 May 2021.

From 25 May 2021 the dividends are paid out in the following order:

  • to the shareholders, whose Telia Lietuva, AB shares are accounted by a financial brokerage company or credit institutions, which provide securities accounting services, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ accounts held with a respective financial brokerage company or credit institution;
  • to the shareholders, whose Telia Lietuva, AB shares on behalf of the Company are accounted by the authorised custodian AB SEB bankas, the dividend amount, after deduction of Personal or Corporate withholding income tax applicable by the laws of Lithuania, will be transferred to the shareholders’ accounts with AB SEB bankas or the accounts (IBAN) with other bank or financial institution as indicated by the shareholders (requests with account indications should be submitted to any branch of SEB bankas).

Dividends paid in 2021 will be taxed as follows:

  • dividends paid to natural persons–residents of the Republic of Lithuania and natural persons–residents of foreign countries are subject to withholding Personal income tax of 15 per cent;
  • dividends paid to legal entities of the Republic of Lithuania and legal entities–residents of foreign countries are subject to withholding Corporate income tax of 15 per cent, unless otherwise provided for by the laws.

Residents of the foreign countries, which have concluded agreements on Avoidance of Double Taxation with the Republic of Lithuania, could take advantage of reduced tariffs provided by such agreements by submitting Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1). The form should be completed following the law requirements and presented to SEB bankas together with the broker’s confirmation by 21 May 2021.

For additional information on pay-out of the dividends please contact AB SEB bankas by phone +370 5 268 2800.


Darius Džiaugys,
Head of Investor Relations,
tel. +370 5 236 7878,
e-mail: darius.dziaugys@telia.lt


© OMX, source GlobeNewswire - EU Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
TELIA COMPANY AB -0.44% 36.415 Delayed Quote.7.23%
TELIA LIETUVA, AB 0.00% 2.05 Delayed Quote.12.33%
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Financials
Sales 2020 398 M 467 M 467 M
Net income 2020 55,9 M 65,5 M 65,5 M
Net Debt 2020 126 M 147 M 147 M
P/E ratio 2020 19,0x
Yield 2020 5,48%
Capitalization 1 194 M 1 402 M 1 401 M
EV / Sales 2019 2,29x
EV / Sales 2020 2,99x
Nbr of Employees 2 044
Free-Float 11,9%
Chart TELIA LIETUVA, AB
Duration : Period :
Telia Lietuva, AB Technical Analysis Chart | TEL1L | LT0000123911 | MarketScreener
Income Statement Evolution
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Dan Olov Stromberg Chief Executive Officer
Arunas Linge Head-Finance
Douglas Gordon Lubbe Chairman
Andrius ŐemeÜkevicius Head-Technology Infrastructure
Claes Johan Ingemar Nycander Independent Director
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