Share Information

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There are no provisions in the Articles of Incorporation of Gorenje, d.d., that would invalidate the proportionality of rights arising from share ownership, such as the rights of minority shareholders or restrictions of voting rights.

At the 10^th Annual General Meeting (AGM) of Gorenje, d.d., held on 12^th December 2006, the Management Board received the authority and power, subject to approval by the Supervisory Board, to increase the company’s share capital by a maximum of 15 percent of the registered share capital as at the date of the resolution or by a maximum of SIT 1,830,000,000.00 (approved capital) by issuing up to 1,830,000 ordinary transferable registered shares with no par value, for investment in money.

• All shares issued are the usual name shares.
• The shares give individuals:
  • management rights, whereby each share gives its legal owner one vote,
  • in respect to their participation in the nominal capital, each owner has a relative right to receive dividends,
  • owners are entitled to receive a compensation of their relative share of the remaining equity after a liquidation or bankruptcy.

• All shares are issued according to the Ownership transformation programme in Gorenje, d.o.o..
• In a decision No. 11/156/AG-96 the Slovenian Securities Market Agency (ATVP) authorised the public sale of Gorenje’s shares on 16^th Jul 1996.

• The shares were issued in a non - material form and were registered in the central registry of the KDD (Central Securities Clearing Corporation), Tivolska 48, SI - 1000 Ljubljana on 27^th May 1998.
• All shares are issued with a name and are freely transferable.

• In the midterm plan Gorenje d.d. adapted its dividend policy to the financial and investment strategies of the company. In doing this, however, it was not neglect the expectations and interests of its investors who are quite diverse. Because in the past Gorenje invested in its development only finances which corresponded to their available depreciation they will try to increase investments in the future which will mean that they will also need some of their current profits. In overall, the dividend policy is thus subordinated to the capital structure policy.
• The turning date for which the beneficiaries for dividends is drawn and the date for paying out the dividends is determined according to the Regulations of the Ljubljana Stock Exchange, d.d.
• Dividends are paid out in cash.

• Before shares became listed in the Quotation A of the stock exchange, Gorenje’s shares GRVG were traded on the free marked of the Ljubljana Stock Exchange.
• The shares of Gorenje, d.d., GRVG have been traded within the Quotation of the Ljubljana Stock Exchange since 10^th Nov 2000.
• The shares of Gorenje, d.d., GRVG have been traded within the Prime Quotation of the Ljubljana Stock Exchange since 3rd Oct 2005.