PJSC “Meridian” named after Korolyov” (Kyiv), a part of the state concern ‘Ukroboronprom’, plans to allocate 30% or 70% of its net profit of UAH 11 million for dividends in 2024.
These two draft resolutions on dividend payments are on the agenda of the general meeting of shareholders scheduled for April 17.
If 30% of the net profit is allocated to dividends, they will be accrued in the amount of UAH 3.27 per share of UAH 0.5 par value, and 70% – UAH 7.65 per share.
The dividends are to be paid by July 1 this year.
As reported, in 2023, Meridian paid dividends to shareholders of UAH 11 million (90% of net profit of UAH 12.205 million) at the rate of UAH 10.90 per share.
According to the National Securities and Stock Market Commission (NSSMC), as of the third quarter of 2024, the state, represented by Ukroboronprom, owns 50%+1 share of PJSC Meridian named after Korolyov, and another 40.0753% is owned by Meridian Soyuz LLC, one of the beneficiaries of which, according to Clarity Project, is Vadym Hryb, co-owner of the Tekt investment company.
At the meeting, the shareholders also plan to change the type of company from a public joint-stock company (PJSC) to a joint-stock company (JSC) and re-elect the supervisory board, terminating the powers of the previous six-member board.
“Founded in 1953, Meridian is a diversified enterprise specializing in the development and serial production of electronic devices for various purposes, including radio measuring instruments: frequency meters, spectrum analyzers, and generators.
The company also performs galvanizing, laser cutting of metals, and plastic molding.
According to Clarity Project, the company increased its net revenue by 24% in 2023 to UAH 177.43 million, while net profit decreased by 27% to UAH 12.2 million.
