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The annual general meeting of Tehran Stock Exchange (TSE) for the financial year ended 20 March 2013 was held on Tuesday June 11th.
The session initiated with the legal quorum and the attendance of more than 61 percent of the shareholders. The financial statements were reviewed in the meeting and approved. It was decided to pay IRR 200 dividend per share to the stockholders. TSE’s EPS for the financial year was IRR 545.
Moreover, in the second session an extraordinary general meeting was held for the Exchange’s 50-percent capital increase proposal. This had been previously authorized by the Iranian Securities and Exchange Organization (SEO), and the meeting approved the increase from IRR 300 billion to IRR 450 billion, which will be funded by the retained earnings and voluntary reserves.
