Shareholder remuneration policy
On 12/31/24 the shareholder remuneration policy ended and, currently, there is none in force
The policy in force until 2024
In accordance with the shareholder remuneration policy in force during the 2021-2024 period, shareholder remuneration was carried out through the purchase of own shares to redeem and the payment of dividends.
Ercros remunerated its shareholders with a maximum payout of 50% of the profit for the financial years 2021, 2022, 2023 and 2024, provided that the following conditions were met:
- The Company obtains a minimum profit of 10 million euros.
- At the end of the financial year to which the remuneration refers, the following ratios were be met
- Net financial debt/ordinary EBITDA less than or equal to 2; and
- Net financial debt/equity less than or equal to 0.5.
The repurchase of treasury shares for redemption was carried out provided that a dividend of at least: 18% of 2021 profit; 20% of 2022 profit; 22% of 2023 profit; and 24% of 2024 profit is distributed.
The shareholder remuneration policy for the period 2021-2024 was approved by the board of directors on 03-05-2022 and ratified by the shareholders' meeting on 10-06-2022.
Shareholder remuneration policy (2021-2024)
The amount allocated to the repurchase of own shares for redemption was subject to the percentage of the payout that was allocated to the distribution of the dividend, as both items may not exceeded 50% of the payout for each year.
Related information
All documents and links on Ercros shareholder remuneration.