1How can I purchase shares of TMR?

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.

2What is ISIN and what is TMR’s ISIN?

ISIN (International Securities Identification Number) is an identification symbol of listed companies’ shares. The ISIN of TMR shares is: SK1120010287.

3What other revenue I can get after buying the TMR shares?

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.

4What is the difference between the bank and broker?

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

5I’d like to know how many shares of TMR I own.

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.

6How do I know if I have an account opened at the Slovak Central Securities Depository (CDCP SR)?

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.

7I would like to know the market value of the shares.

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. Price of the shares is also published on our website https://tmr.sk
Click here to find more information, tips, and insights how to proceed with purchase of TMR shares Investment guide.

8If I bought shares of SKI Jasna, a.s. from the 1st period of coupon privatization, am I currently a TMR shareholder?

Yes, in this case you are a TMR shareholder.

9What is the minimum quantity of shares to purchase?

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.

10Under what circumstances can a citizen/legal entity of the Czech Republic/ Poland invest into shares of TMR?

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).

11I am registered in the Czech trader Patria Direct, a.s. Prague. If I buy 500 shares without this dealer, will I get also the benefit from you?

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.

12Is the market liquid? Is it possible I won’t find counterparty to my buy trade?

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.

13What is the difference between investment based on the commission contract and investment into mutual funds?

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.

14Rules on dividend pay-out, its method, and place.

Contacts for selected banks and brokers.

15Contacts for selected banks and brokers.

J&T BANKA, a.s.
Pobrezni 297/14, 186 00 Praha 8, Czech republic
via branch office in Slovak republic:

J&T BANKA, a.s., branch office of foreign bank
Dvořákovo nábrežie 8, 811 02 Bratislava
Tel.: 0800 900 500
Fax: 02/5941 81 15
Ceskoslovenska obchodna banka, a.s.*
Michalska 18, 815 63 Bratislava 1
Fax: 02/5441 4860

*CSOB does not provide its clients a service purchase and sell of shares provision on Slovak capital market via its branch chains. Instead of it, this service is offer to the clients by company Patria Finance, a.s..

Dexia banka Slovensko a.s.
Hodzova 11, 010 11 Zilina
Tel.: 041/5111 448, 5111 414
Fax: 041/5111 435

ING Bank N.V. (Netherlands)
Amstelveenseweg 500, 1081KL  Amsterdam, Netherlands
via branch office in SR:
ING BANK N.V.,  branch office of foreign bank 
Jesenskeho 4/C, P.O.Box 123, 811 02 Bratislava 1 
Tel.: 02/5934 63 88
Fax: 02/5293 12 42
OTP Banka Slovensko, a.s.
Sturova 5, 818 55 Bratislava 1
Tel.: 02/5979 62 70, 5979 62 71
Fax: 02/5296 34 53

Postova banka, a.s.
Prievozska ul. 2/B, 821 09 Bratislava
Tel.: 02/5960 3246, 5960 3202  
Fax: 02/5960 3253
Slovenska sporitelna, a.s.
Tomasikova 48, 832 37 Bratislava
operator: 02/4862 11 11
Sporotel : 0850 111 888, 0915 111 888, 0910 111 888

Tatra banka, a.s.
Hodzovo nam. 3, 811 06 Bratislava 1
Dialog: 02/ 5919 1000, 6866 1000, 
0903 903 902 (T-Mobile), 0906 011 000 (Orange), 
0850 111 100 (for outside Bratislava clients)

UniCredit Bank Slovakia a.s. 
Sancova 1/A, 813 33 Bratislava
Tel.: 02/4950 23 16, 4950 23 66
Fax: 02/4445 17 77

VOLKSBANK Slovensko, a.s.
Vysoka 9, P. O. Box 81, 810 00 Bratislava 1
operator: 02/5965 1111
Call centrum: 0850 123 123

Vseobecna uverova banka, a.s.
Mlynske nivy 1 – P. O. Box 90, 829 90 Bratislava 25
Tel.: 02/5055 9401, 5055 9410
Fax: 02/5055 2077

Patria Finance, a.s.
Jungmannova 24, 110 00 Praha 1, Czech republic
Tel.: (00 420) 221 424 111
Fax: (00420)  221 424 222

Sympatia Financie, o.c.p., a.s.
Mlynske nivy 45, 821 09  Bratislava
Tel.: 02/4445 57 96
Fax: 02/4445 57 97

RM-S Market, o.c.p., a.s.
Nam. SNP 14, P.O. Box 127, 810 00 Bratislava 1
Tel.: 02/5932 93 19 
Fax: 02/5932 95 17 
Kuzmanyho 8, 010 01 Zilina 
Tel.: 041/50 787 00, 50 787 11, 50 787 61, 50 787 62
Fax: 041/56 249 66 

CAPITAL INVEST, o.c.p., a.s. 
Polna 1, 811 08 Bratislava 
Tel.: 02/ 577 807 11, 577 807 22, 577 807 33 
Fax: 02/ 577 807 20 

PALCO BROKERS o.c.p., a.s.
Panenska 13, 811 03 Bratislava
Tel.: 02/5930 57 11
Fax: 02/5930 57 10

16Payment of health insurance contributions on dividend income.

The obligation to pay health insurance contributions on dividends paid out from profit according to Act No. 580/2004 Coll. On Health Insurance, as amended, for the first time concerns dividends paid out from profit achieved in the accounting period starting after 01/01/2011. 
In case of Tatry mountain resorts, a.s. (TMR) the obligation to pay the public health insurance contributions concerns the dividends paid out from TMR’s profit for the accounting period that started on 01/11/2011 and ended on 31/10/2012, i.e. the dividends that TMR will be paying out upon their approval by the General Meeting in 2013.
The shareholder (dividend recipient) who receives dividends in the amount less than €393.00 is not obliged to pay any health insurance contributions on this income. 
The contribution rate for dividend income has been set by law at 10%; for persons with a handicap at 5%.
Further details on contributions on dividend income (disclosure requirements, contribution base, etc.) are provided by relevant health insurance providers:

For clients of VŠZP

For clients of Dôvera

For clients of Union

17Will the pay-out from the decrease of share capital be subject to taxation and health care contributions?

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.

18When will the funds from the decrease of share capital be distributed to shareholders?

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.

19When is the record day for exercising the rights to the pay-out from the decrease of share capital?

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.

20Would I receive the pay-out from the share capital reduction even if I sold the TMR shares before the pay date?

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.

Last Updated on 10.05.2023