Astarta approves EUR 12.5 mln of dividend payment

The Annual General Meeting of ASTARTA Holding N.V. passed a resolution to pay a distribution of EUR 0.50 per share on all ordinary shares in the total amount of EUR 12,500,000, the company's Board of Directors announces.

In accordance with the decision adopted by the Board of Directors on May 28, 2021, the distribution will be paid on 23 June 2021to shareholders on the register at the close of business day on 8 June 2021.

The distribution payment will be subject to deduction of Netherlands withholding tax at a rate of 15%. The dividend will be paid in EURO.

Astarta's net profit was EUR 3.63 mln in 1Q 2021 vs. EUR 13.32 mln of net loss in 1Q 2020.

The company's market cap for the period May 20-26, 2021, decreased by 6.8% to USD 290 mln.