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Latam at its annual shareholders’ meeting agreed to distribute a dividend of US $ 57 million amid the harsh crisis that plagues the company. This, due to the measures of travel restrictions that different countries have to face the crisis and the little interest of people to make trips by area in the midst of the pandemic.
The fact of distributing dividends caused a stir on social networks given the requests that the company has slipped the Cueto family to state aid, the criticisms were echoed in Latam and came to explain the controversy.
The airline, through a statement, commented that at the beginning of last month it informed the Commission for the Financial Market (CMF), that it was of the position to defer the distribution of the minimum dividend charged to profits for the 2019 financial year.
However, the company commented that the decision should be adopted unanimously by the shareholders present. “Even though the recommendation of the Board of Directors to the Shareholders’ Meeting was supported by more than 90% of the votes of the shareholders present, the unanimity established by the regulations was not reached, and therefore the deferment of the distribution of the dividend had to be rejected. minimum corresponding to the year 2019 ”.
Along these lines, the company said that it was forced to distribute the minimum dividend.
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