The TMR Board of Directors convenes the Annual General Meeting on April 27, 2013 in Holiday Village Tatralandia at 3 PM. The program among other things includes a proposal for profit distribution in the form of dividends in the amount of EUR 7.1 mil., EUR 1.06 per share respectively, which is a 10.4% increase year-over-year.
The General Meeting will be a part of already the third annual Shareholders’ Weekend, which includes a rich accompanying program. During the event shareholders and their families can enjoy attractive activities in the tropical night style and use a lot of benefits.
The Board of Directors proposes dividend payment at 70% of consolidated net profit from the last fiscal year 2011/12 (period from 1/11. to 31/10.). Net profit amounted EUR 10.186 mil., or EUR 1.52 per share, which is an increase of nearly 13%. The proposed dividend in the amount of EUR 1.06 per share at the current share price of EUR 45.20 represents a dividend yield of 2.3%. The earnings and proposed dividend growth was achieved thanks to the successful corporate strategy focused on intensive investments in the development of TMR resorts and hotels as well as on continuous improvement in services in order to achieve the “alpine standard”.
“We are continuing our tradition of eventful general meetings and thus organizing the Shareholders’ Weekend for the third time. Besides the possibility to vote at the General Meeting our shareholders will be able to enjoy products and services of TMR. They will also be able to try new attractions of the past winter season, for example new Tropical Paradise in Tatralandia and the unique 24-seat cableway FUNITEL or the ski lift Twinliner”, TMR’s CEO and Chairman of the Board of Directors, Bohuš Hlavatý, added.
The General Meeting is open to shareholders holding TMR shares as of the Record Date. The Record Date for the right to attend and vote at the General Meeting is April 24, 2013. More information, including detailed agenda of the General Meeting and other relevant documents, are available at www.tmr.sk.
Tatry mountain resorts, a.s. is the top player in the tourism segment in Central and Eastern Europe, which itself or via subsidiaries owns and operates attractive mountain resorts and hotels in the area of the Low and High Tatras. The assets in the Low Tatras include the resort Jasná Nízke Tatry and the following hotels: Wellness hotel Grand Jasná, Tri Studničky Hotel and Chalets Záhradky De Luxe. In the High Tatras, TMR owns and operates resorts Tatranská Lomnica, Starý Smokovec and the following hotels: Grandhotel Praha Tatranská Lomnica and Grandhotel Starý Smokovec, Hotel Slovakia and hotel FIS Štrbské Pleso. TMR also co‐operates the ski area Štrbské Pleso and since the winter season 2012/2013 it has been leasing the mountain resort Špindlerův Mlýn in the Czech Republic in cooperation with SMMR, a.s. TMR owns Tatralandia, the largest Slovak aquapark with all-year operation, which offers a lot of water activities, the Fun Park, or relax in a special tropical hall with sea water. It also offers accommodation in bungalows and suites of the Holiday Village Tatralandia. TMR owns and leases out Hotel Liptov and Hotel Ski&Fun Záhradky and Bungalows, and Kosodrevina Lodge. More than 144 million Euros have been invested by the end of 2012 in the already mentioned resorts. These investments help to increase the standard and visit rate in the Tatras. The TMR shares have been traded on three European stock exchanges – in Bratislava, Prague and Warsaw since 2012.