Astarta approves 2024 dividend payout, updates executive incentive schemes

Shareholders of Ukraine's fifth-largest agro-industrial holding, Astarta-Kyiv, have approved a dividend payout of €0.50 per ordinary share from 2024 profits, the company said in a filing to the Warsaw Stock Exchange.

The board of directors was authorised to set the record date and the actual payment date. The decision takes effect immediately.

Shareholders also approved amendments to the company’s Remuneration Policy, including the introduction of a new long-term incentive (LTI) scheme for executive management. The plan may involve granting or transferring company shares through a specially established trust or a similar legal vehicle for the benefit of eligible employees.

Separately, shareholders authorised the board to issue new shares amounting to up to 5% of the company’s share capital to implement the employee incentive programme. They also waived pre-emptive rights for existing shareholders, enabling more flexible use of equity-based incentives.