Current Report No. 34/2017 dated 4 April 2016
Supervisory Board’s approval on Management Board’s motion on allocation of profit of the Company
*Legal basis: *Article 56 sec. 1 item 2 of the Act dated 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies.
Contents of the report:
The Management Board of Wirtualna Polska Holding S.A. (“Company”), in conjunction with current report No. 31/2017 dated March 30, 2017, hereby announces that it received an information that on April 3, 2017 the Supervisory Board of the Company adopted a resolution, according to which it has approved the Management Board’s motion to recommend to General Meeting of the Company allocation of:
- the whole of the net profit of the Company for the financial year 2016 in the amount of 4,608,494.96 zł (for million six hundred and eight thousand four hundred and ninety four zloty and ninety six groszy) and
- the amount of 27,084,489.44 (twenty seven milion eighty four thousand for hundred and eighty nine zloty and fourty four groszy) from the retained earnings of the Company.
as payment of a dividend in the amount of PLN 1.10 (one zloty ten groszy) per share and in the total amount of PLN 31,692,984.40 (thirty one milion six hundred and ninety two thousand nine hundred and eighty four zloty and forty groszy), whereas the final amount of the dividend per share is to be rounded down to full grosze and the difference between the aforementioned amount and the dividend payable to shareholders, including such rounding, will contribute to the Company's reserve capital.
Furthermore, the Supervisory Board approved the Management Board’s motion that the record date be set at July 10, 2017 and the dividend be paid on July 20, 2017.
Final decision regarding the allocation of the profit of Company for the payment of dividend will be made by the General Meeting of the Company.
Legal basis: Article 56 sec. 1 item 2 of the Act dated 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies in conjunction with § 38 sec. 1 item 11 of the Regulation issued by the Council of Ministers on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent
Signatures of the individuals representing the Company:
Jacek Świderski – President of the Management Board/Chief Executive Officer
Elżbieta Bujniewicz – Belka – Member of the Management Board/Chief Financial Officer