TMR shares can be purchased on three stock exchanges in the region; i.e.: a) the Bratislava Stock Exchange (Burza cenných papierov v Bratislave); b) the Prague Stock Exchange (Burza cenných papírů Praha); and c) the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.)
a) Purchase of shares on the Bratislava Stock Exchange is executed by stockbrokers (Patria Finance, a.s., SALVE INVESTMENTS, o.c.p., a.s...) or by banks (Poštová banka, J&T BANKA, VUB, SLSP,..). The complete list of the exchange members is available athttp://www.bsse.sk/bcpben/Members/ListofBSSEMembers/tabid/184/language/en-US/Default.aspx.
You can contact the banks or brokers online, via a hotline or directly at a branch. If you execute purchase of the shares for the first time, you sign a commission contract with a bank or broker, based on which you will be able to buy the shares. The bank or broker usually opens an equity account for the client in the Central Securities Depository (CSD), where the shares will be held after the purchase. The client may arrange an equity account opening in CSD itself. If you decide to buy the shares, you will fill out an order to buy securities, stating the number of shares and other specifics, so the trade could be carried out. The bank or broker executes your instructions on the stock exchange and will send you the confirmation of the trade.
Sale procedure is similar to purchase. Since the commission contract is already signed, it is sufficient to send an order to sell in the bank (similar to purchase, with a difference of a “sale” order instead of “buy”).
b) In case of buying shares on the Prague Stock Exchange, you need to contact their broker or bankhttp://www.pse.cz/Members.aspx.
c) In case of buying shares on the Warsaw Stock Exchange, you need to contact Exchange memebrs (http://www.gpw.pl/lista_czlonkow_gieldy_en) or the market maker directly – BOŚ at makler@bossa.pl.
ISIN (International Securities Identification Number) is an identification symbol of listed companies’ shares. The ISIN of TMR shares is: SK1120010287.
The same as any other stock joint company, TMR can pay out dividends. The General Meeting decides on the dividend pay-out based on the proposal by the Board of Directors. Every shareholder can attend the General Meeting.
In addition, there are benefits that TMR offers to members of the Shareholders‘ club:Shareholder club. Any shareholder who owns at least 500 shares of TMR is automatically eligible to become a member of the Shareholders‘ club. Shareholder club will be terminated as of 31/10/2026
Bank advantages:
• Wider branch chains and most probably better availability in the regions
• Security feeling for the clients, who are deciding for their first investment into the securities
• Possibility to purchase directly via the institution, where you have your regular account
• The possibility to cooperate with a private banker, especially if you are thinking about larger investment volume
Broker advantages:
• Higher flexibility
• Personal or individual access
If you bought TMR shares on the Bratislava Stock Exchange, please contact the Central Securities Depositary of the Slovak Republic ("CDCP SR"). You can request your shareholding statement in person or by mail.
Here you can download the template for the statement request at CDCP SR:http://www.cdcp.sk/general/sluzby.php#vypis_z_uctu.
If you purchased the shares on the Prague Stock Exchange, please contact your stockbroker or bank that holds your shares on an owner’s account for you. If you don’t hold the shares through any participant of Central Securities Depositary CR (CDCP CR), you can obtain your account information from any CDCP CR participant (http://www.centraldepository.cz/dokument.aspx?k=CSD-Participants).
If you purchased the shares on the Warsaw Stock Exchange, please contact your stockbroker or bank.
In case of Slovak securities, you can find this at www.cdcp.sk/odkup after entering your personal identification number. In case of foreign securities, please contact the depositary of the country of the securities issuer.
The current market price of TMR share is published in the quotes of the Stock Exchange in Bratislava, which you can find for e.g. on the stock exchange website or economic newspapers.
Yes, in this case you are a TMR shareholder.
The minimum and the maximum investment (number of shares or total amount in €) into shares of TMR is not limited.
But if you buy at least 500 shares of TMR, you become a member of the Shareholders’ club and you are entitled to its benefits. More information is available at Shareholder club. Shareholder club will be terminated as of 31/10/2026
Of course citizens and legal entities of the Czech Republic and Poland can invest into the TMR stock.
Since 22/10/2012 the TMR stock is traded on the Prague Stock Exchange, where you can buy it through a stockbroker or banks that are exchange members (http://www.pse.cz/Members.aspx).
Since 15/10/2012 the TMR stock is traded on the Warsaw Stock Exchange, where you can buy it through a stockbroker or banks that are exchange members (http://www.gpw.pl/lista_czlonkow_gieldy_en).
Yes, if you decide to implement TMR share purchase via broker, by company Patria Direct, a.s., of course also in this case you are entitled to the benefit of our shareholders’ club.
On the market there is a market maker, i.e. a trader that buys and sells every day, based on an agreement with the exchange, which binds them to execute buy and sell orders of TMR shares via the exchange trading platform – every day you can buy from or sell the shares to the market maker. On the Bratislava and Prague exchanges J&T Banka, a.s. is TMR’s market maker, and on the Warsaw Stock Exchange it is BOŚ DM.
The biggest difference is the fact that the trades based on the commission contract are carried out based on the instruction from the client – this means the client decides alone what kind of securities he/she holds in the portfolio. In a mutual fund a portfolio manager selects the securities, this means the client cannot influence this decision.
The General Meeting decides on the allocation of profit. Shareholders are entitled to a share in TMR’s profit (dividend) as determined for distribution by the General Meeting, depending on the Company’s financial performance. Each shareholder’s share of profit is determined in proportion to the nominal value of their shares relative to the total nominal value of all shares.
The Company may distribute profit (dividends) to its shareholders only if the following conditions are met:
(i) the net profit has been reduced by mandatory contributions to the reserve fund and other funds (if any), as well as by accumulated losses from previous years;
(ii) shareholders’ equity, based on the approved financial statements, is not, and would not as a result of the profit distribution become, lower than the share capital increased by the reserve fund or other funds (if any) and reduced by the value of unpaid share capital.
The Company may not pay any interest on contributions to shareholders nor provide advance dividend payments.
The record date for determining shareholders’ entitlement to dividends shall be set by the General Meeting that resolved on the profit distribution. This date may not be earlier than the fifth (5th) day following the date of the General Meeting and may not be later than the thirtieth (30th) day following the date of the General Meeting. If no such date is set, the thirtieth (30th) day following the date of the General Meeting shall apply.
The method and place of dividend payment shall also be determined by the General Meeting that resolved on the profit distribution. The dividend shall be payable no later than sixty (60) days from the record date.
The right to a dividend may be transferred independently from the date on which the General Meeting resolved on the profit distribution to shareholders.
Dividends from profits for accounting periods commencing on or after 1 January 2017 are not subject to health insurance contributions.
(Note: If a profit distribution relating to accounting periods commencing on or after 1 January 2017 is paid by a company or cooperative to an employee without an equity interest in such company or cooperative, this income is treated as employment income pursuant to Section 5(1)(a) of Act No. 595/2003 Coll. on Income Tax and is therefore included in the assessment base of both the employee and the employer.)
Dividends from accounting periods between 1 January 2011 and 31 December 2016 remain subject to health insurance contributions, and such income is subject to a maximum annual assessment base, i.e. 60 times the average monthly wage recorded two years prior.
The advance payment (cap) on health insurance contributions from dividends for accounting periods between 1 January 2013 and 31 December 2016, paid after 1 January 2017, is capped at 15% of 60 times the average monthly wage.
As per Slovak Act No. 595/2003 Coll. on Income Tax as amended (further only “Income Tax Act”), income from a decrease of share capital of a joint-stock company paid to shareholders – natural persons is not explicitly resolved. Thus, one can only utilize general principles.
In Article 2 point h) it is stated that “taxable income is income, which is subject to taxation and is not exempt from taxes according to this act nor according to any international treaty”. Consequently, income from decrease of share capital can be treated as other income included in Article 8 Par. 1 point a) “income from occasional activities”. Further, in Article 8 Par. 2 the Income Tax Act states that “the tax basis (partial tax basis) includes taxable income less the documented acquisition cost. If the cost related to the individual type of income described in Par. 1 is higher than the income, the difference is ignored.”
As a result of the above, the shareholder discloses the income from the decrease of share capital in the amount of EUR 26 per share (the Income Tax Act ignores losses) provided that the shareholder had acquired the shares for more than EUR 26 per share, then the tax basis is zero, i.e., the shareholder does not pay income tax on the decrease of share capital. Since the tax basis is zero, it will be not added to the health insurance contribution basis. In any case we strongly recommend shareholders to contact their tax consultants.
TMR begins the process of paying its shareholders the difference from the share capital decrease on the day of publishing the Rules of settlement that is to be paid out to shareholders due to reduction of share capital, i.e. on 4 February 2014. The pay-out process will run during periods described in the Rules. The decrease of share capital from EUR 221.34 to 46.95 million was approved at the Extraordinary General Meeting on 22 August 2013. For the full text of the Rules of settlement that is to be paid out to shareholders due to reduction of share capital please click here; for the Application form for the pay-out please click here.
The record day for exercising the rights to the pay-out from the decrease of share capital is the day the reduction of share capital is entered into the Commercial Register, i.e. 22 October 2013.
Yes, the pay-out from the share capital reduction approved at the Extraordinary General Meeting on August 22, 2013 will be paid to shareholders who were registered as owners of the TMR shares in the Central Securities Depositary of SR or who had had a custody account established on the record day, which is the day the reduction of share capital was entered into the Commercial Register, i.e. 22 October 2013.