Proposal of the Management Board of Wirtualna Polska Holding S.A. on the allocation of the Company's net profit for year 2021 and a positive opinion of the Company's Supervisory Board
Current report No. 5/2022 dated March 22, 2022
Proposal of the Management Board of Wirtualna Polska Holding S.A. on the allocation of the Company's net profit for year 2021 and a positive opinion of the Company's Supervisory Board
Legal basis: art. 17 sec. 1 MAR
Contents of the report:
The Management Board of Wirtualna Polska Holding SA ("Company"), hereby informs that on March 21, 2022, it adopted a resolution regarding the motion to the Supervisory Board and the General Meeting of Wirtualna Polska Holding SA to adopt by a General Meeting a resolution regarding:
1) allocating the amount of PLN 42,662,227.00 (in words: forty-two million six hundred and sixty-two thousand two hundred and twenty-seven zlotys) of the Company's net profits from year 2021
a) for the payment of dividends to the Company's Shareholders in the amount of PLN 1.20 (one PLN 20/100) per one share, in the total amount of PLN PLN 35,318,218.80 (thirty five million three hundred eighteen thousand two hundred and eighteen zlotys 80/100) the amount of dividend for each share will be rounded down to full grosze, while the difference between the amount indicated above, and the amount of dividend due to the shareholders, taking into account such rounding, will be added to the Company's supplementary capital
b) allocating the rest of the Company's net profits from year 2021 for to the Company's supplementary capital
In addition, the Management Board of the Company proposed the date of establishing the right to dividend on July 4, 2022 and the date of dividend payment on July 12, 2022.
The proposed profit distribution is in line with the Company's Dividend Policy adopted on December 20, 2016, according to which the Management Board of the Company will apply to the General Meeting for a dividend payment of more than PLN 1 per share, but not more than 70% of the consolidated net profit of the Capital Group Of the company disclosed in the financial statements for the given financial year. When recommending a dividend payment, the Management Board of the Company takes into account important factors, including in particular:
· the current financial situation of the Company's Capital Group,
· investment plans of the Company's Capital Group,
· potential acquisition targets of companies included in the Company's Capital Group,
· expected level of free cash in the Company in the financial year in which the dividend payment is due.
At the same time, the Management Board of the Company informs that on March 21, 2022, the Supervisory Board of the Company adopted a resolution according to which it gave a positive opinion on the above-mentioned motion of the Management Board.
The final decision regarding the allocation of the profits of the Company from year 2021 will be made by the Ordinary General Meeting of the Company.
Legal basis: Article 17 para. 1 of Regulation No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (regulation on market abuse) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003/124 / EC , 2003/125 / EC and 2004/72 / EC
Signatures of persons representing the Company:
Jacek Świderski - President of the Management Board
Elżbieta Bujniewicz-Belka - Member of the Management Board