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2014-09-30 ANNOUNCEMENT ON CHANGE IN INVESTOR RELATIONS OFFICER

ANNOUNCEMENT ON CHANGE IN INVESTOR RELATIONS OFFICER

Downloadable Documents

2014-09-01 Number of voting rights at TVK Plc.

Number of voting rights at TVK Plc.

TVK Plc. hereby publishes the number of voting rights attached to its shares and the share capital.
Downloadable Documents

2014-08-04 Extraordinary announcement on change in the senior management of the Company

Extraordinary announcement on change in the senior management of the Company

The Board of Directors of Tisza Chemical Group Public Limited Company (TVK Plc.) hereby informs its shareholders and capital market participants that as from September 1, 2014 Artur Thernesz will be the Chief Executive Officer of TVK Plc. Artur Thernesz does not hold any TVK shares.

Artur Thernesz is an internationally renowned downstream business leader. He joined the industry with the local ESSO affiliate in Hungary, followed by management assignments in Europe and served as Executive Director of ExxonMobil Hungary. In 2005, he was invited to establish and lead international Downstream Development activities of the growing MOL Group. He has been initiator of major growth and efficiency improvement programs laying the solid foundation for the Group’s competitiveness today. He actively built young generation in the Growww and Freshhh talent programs and seeded the Downstream Academy for young engineers. Artur Thernesz speaks four languages, earned an MBA in Finance and holds an MSc degree in Chemical Engineering. In January 2012, he was appointed Executive Director for Refining and Marketing in INA. With deploying his multi-cultural leadership skills, he built an international team of managers that demonstrated a large scale improvement in both operation and business performance. He will accomplish his assignment by 1 September, 2014.

After September 1, 2014 Zsolt Pethő, Chief Executive Officer of TVK Plc. deals with his duties of MOL Hungary Downstream Senior Vice President.

We wish both of them further success in their professional career.
Downloadable Documents

2014-08-01 2014 first half year report of TVK Group

2014 first half year report of TVK Group

TVK Plc. has published its unaudited consolidated financial results for the H1 2014
Downloadable Documents

2014-07-31 Number of voting rights at TVK Plc.

Number of voting rights at TVK Plc.

TVK Plc. hereby publishes the number of voting rights attached to its shares and the share capital.
Downloadable Documents

2014-07-01 Number of voting rights at TVK Plc.

Number of voting rights at TVK Plc.

TVK Plc. hereby publishes the number of voting rights attached to its shares and the share capital.

Downloadable Documents

2014-06-02 Number of voting rights at TVK Plc.

Number of voting rights at TVK Plc.

TVK Plc. hereby publishes the number of voting rights attached to its shares and the share capital.
Downloadable Documents

2014-06-02 Articles of Association of TVK Plc. (15.04.2014)

Articles of Association of TVK Plc. (15.04.2014)

The Articles of Association of TVK Plc., consolidated with the amendments accepted by the 2014 AGM.
Downloadable Documents

2014-05-30 Announcement of the Board of Directors of TVK Plc. regarding the dividend payment for the financial year of 2013

Announcement of the Board of Directors of TVK Plc. regarding the dividend payment for the financial year of 2013

Dear Shareholders,

The Annual General Meeting of Tisza Chemical Group Public Limited Company (TVK Plc.) held on 15 April 2014 approved to pay a dividend of HUF 6,201,000,000 in respect of the 2013 financial year.
The Dividend Per Share is HUF 255.
The payment of dividend will commence on 1 July 2014 (starting day of the dividend payment).

Prior to payment of the dividend, TVK Plc. will carry out a shareholder identification, based on the data of 18 June 2014. The last day of trading on the Budapest Stock Exchanges for shares entitled to the dividend of 2013 financial year will be 13 June 2014 in case of T+3 days settlement (ex-coupon day: 16 June 2014). Shareholders (natural persons and legal entities) will be entitled to receive the dividend if they own TVK shares at the Record Date, and they have requested to be recorded as shareholders in the Company Share Register.

Shareholders will remain entitled to receive the dividend within a limited five-year period (set by the statute of limitation) beginning at the starting day of the dividend payment. The Company is not obliged to pay any interest on dividends paid after 1 July 2014.

According to the Clause 33 of the Articles of Association of TVK the Company does not pay dividends on the treasury shares, for the determination of the participation due to the shareholders with rights to dividends, the dividends for treasury shares are disregarded.

Process of dividend payment:

1. In respect of shareholders holding their shares in a security account with a Hungarian accountkeeper, the dividend will be transferred to the bank account attached to the security account held at the accountkeeper or to the personal bank account of the shareholder from 1 July 2014, if the above mentioned accountkeeper has transferred to KELER Ltd. all data required for shareholder identification in relation to the shareholder in full compliance with all relevant KELER procedures.

If the accountkeeper can identify the owner of the holder of the respective shares by the given Record Date with missing data, the accountkeeper may finish the identification process later. Having obtained the missing or supplementary information, the Company determines the net dividend payable and transfers it to the account of the shareholder at its accountkeeper or to his personal bank account. Please note that in such cases TVK Plc. executes supplementary transfers only once a month and the Company does not undertake any responsibility for any delays arising from such actions. The Company therefore kindly asks all shareholders to request their respective accountkeepers to perform the said shareholders identification appropriately and in a timely manner, and in case of doubt they should check whether the accountkeeper has all data required for the data to be supplied to KELER Ltd. The Company and other legal entities assigned by the Company do not undertake any obligation for late dividend payments arising from the delay of or incomplete, unsuitable or missing information from the shareholder or its accountkeeper.

2. In case of DR holders, dividends will be transferred by TVK Plc. through the domestic custodian bank (UniCredit Bank Hungary) to the shareholders through The Bank of New York Mellon (the DR issuer). In the event of any question, we kindly ask holders of DRs to contact The Bank of New York Mellon (101 Barclay Street, 22 West New York, NY 10286, phone: 1 212 815 3503 fax: 1 212 571 3050), or its Hungarian Custodian Bank UniCredit Bank Hungary, Department of Deposits (1054 Budapest, Szabadság tér 5-6, phone: 36 1 301 1942).

We kindly call the attention of the shareholders to the following:

For private individuals having Hungarian domicile the dividend is payable only if they present their name, address, mother’s name, place and date of birth, name given in birth certificate, sex, nationality, Tax ID number via their accountkeeper. In case of any absence of the detailed personal data, the dividend cannot be paid under the legal regulations. After receipt of these data, according to the Sections 66 and 8 of Personal Income Tax Act, 16% withholding tax will be deducted from the dividend.

For legal entities having Hungarian domicile the dividend is payable only if its name, registered seat and tax number is given via the accountkeeper. In this case the dividend is paid without withholding any tax.

For private individuals having foreign domicile the dividend is payable only if they present their name, address, mother’s name, place and date of birth, name given in birth certificate, sex, nationality, Tax ID number given by Hungarian TAX Authority or passport number via their accountkeeper. After receipt of these data, according to the Sections 66 and 8 of Personal Income Tax Act, 16% tax will be deducted from the dividend. If a foreign domiciled individual shareholder intends to receive its dividend through application of a preferred tax rate in accordance with inter-state treaties on avoidance of double taxation, such shareholder is obliged to submit to the Treasury Department of TVK Plc. (address: H-3581 Tiszaújváros, P.O.Box 20.) until 18 June 2014 all the documents specified in Annex 4 to the more times modified Act XCII of 2003 on Tax Procedures (“Tax Procedures Act”). We remind the shareholders and accountkeepers that the certificates of residency issued by foreign tax authorities regarding the tax year 2014 is required; a copy of this document issued in English and translated into Hungarian by a professional translator (technical translation) will be acceptable. If a certificate of beneficial ownership is also required by the treaty on avoidance of double taxation, this certificate shall also be translated into Hungarian by a professional translator to be acceptable (technical translation shall be attached). The certificate of beneficial ownership can also be issued in Hungarian. If the shareholder would like to receive the dividend with preferred taxation but fails to submit the required documents by the deadline, the shareholder may request in writing until 18 June 2014 to withhold the dividend until the arrival of the documents.

If a foreign domiciled individual shareholder has the documents specified in Annex 4 to the more times modified Tax Procedures Act and there is an inter-state treaty on avoidance of double taxation based on which a preferential tax rate can be used, but the shareholder fails to submit the documents to TVK Plc. (or to request to withhold the dividend until the arrival of the documents) by 18 June 2014 and therefore receives dividend after deduction 16% income tax, he may apply to the Significant Taxpayers’ Office (in Hungarian: “Kiemelt Adózók Igazgatósága”) of the National Tax and Customs Administration (“NAV”) of Hungary and claim back the difference between the 16% and the preferential tax rate. The tax authority shall remit the amount of such tax difference to the payment account specified by the foreign domiciled individual shareholder (Section 5 of Annex 4 to the Tax Procedures Act).

For legal entities having foreign domicile the dividend is payable only when it can be stated unequivocally that the shareholder is a legal entity having foreign domicile. In this case the dividend will be paid without withholding any tax.

For entities represented by a Nominee, as a base case 16% withholding tax will be deducted from the dividend.

If the accountkeeper of the nominee specifies in the course of the recording process (shareholder identification process) the number of shares held by individual shareholders and the number of shares held by legal entities (not private individuals) from the total number of shares represented by the nominee, then the dividends will be paid after applying the relevant tax rate. In the case of dividends for shares held by legal entities, no tax will be deducted from the dividends. In the case of shares held by individual shareholders, personal income tax of 16% will be deducted from the dividends.

If the shares represented by the nominee relate to foreign domiciled individual shareholders who intend to receive their dividends through the application of a preferred tax rate, then those shareholders should be recorded separately in the course of the recording process and the provisions detailed above in the paragraph starting with “For private individuals having foreign domicile” shall apply for them.

In case of shares held on long term investment account (in Hungarian: ”Tartós Befektetési Számla”)

In case of shares held by domestic and foreign individuals on long term investment account, no tax will be deducted from the dividends (pursuant to Section 67/B (6) c) of Act on Personal Income Tax and Annex 4 to the Tax Procedures Act). Accountkeepers are required to indicate to TVK Plc., that shares are held on long term investment account parallel with claiming the dividend otherwise the dividends will be paid after deducting a personal income tax of 16%.

Shareholders, who have not collected yet their dividend in respect of the 2008 and/or 2011 financial years, may claim their dividend through their accountkeeper with providing supplementary information to TVK Plc. The deadline for claiming the dividend after 2008 is September 4, 2014. In case of dividend received in respect of the previous years, the Company is not obliged to pay any interest for the period elapsed since the commencement date of the dividend.

If you need any further information on dividend payment, please do not hesitate contact our colleagues on +36-49/522-377 or write to the e-mail address: reszvenyiroda@tvk.hu.

 

The Board of Directors of
Tisza Chemical Group Public Limited Company

Downloadable Documents

2014-05-08 TVK Group Interim Management Report on the Q1 2014

TVK Group Interim Management Report on the Q1 2014

TVK Plc. has published its unaudited consolidated financial results for the Q1 2014.
Downloadable Documents
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