Current Report No. 38/2017 dated 26 April 2017
Resolution of the General Meeting of the WPH S.A. of the allocation of profit for dividend payment
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 Organized Trading, and Public Companies.
Content of Report:
In reference to the current report no. 31/2017 from 30 March 2017 and current report 34/2017 from 4 April 2017, the Management Board of Wirtualna Polska Holding S.A. with its registered office in Warsaw (the "Company") announces that on April 26, 2017, The Ordinary General Meeting of the Company adopted a resolution according to which it decided to allocate:
• the Company's net profit for the financial year 2016 of PLN 4,608,494.96 (say: four million six hundred eight thousand four hundred ninety four zloty ninety six groszy), and
• amount of PLN 27,084,489.44 (twenty seven million eighty four thousand four hundred eighty nine zlotys and forty four groszy) from the Company's profits from previous years
to pay dividends to the Shareholders of the Company in the amount of PLN 1.10 (one zloty ten cents) per share, in the total amount of PLN 31,692,984.40 (thirty one million six hundred ninety two thousand nine hundred eighty four zloty and forty cents). The amount of dividend per share will be rounded down to full cents, while the difference between the aforementioned amount and the dividend payable to shareholders, including such roundings, will contribute to the Company's reserve capital.
The total number of shares of the Company entitling to the dividend as at the date of adoption of this resolution is 28.698.624 At the dividend date however, the number of shares is predicted to be 28.809.752, which is related to the pending procedure of registration of shares under the managerial option program of the Company.
The Ordinary General Meeting of the Company has decided to set a dividend day on 10 July 2017. And the dividend payment date on 20 July 2017.
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 Organized Trading, and Public Companies in conjunction with § 38 sec. 1 item 11 and sec. 7 of the Regulation issued by the Minister of Finance 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