The Management Board of Grupa Kęty S.A. (hereinafter referred to as the Issuer or the Company) informs that on 22 April 2022 it passed a resolution recommending to the Annual General Meeting:
a)allocation of the net profit generated by the Company in 2021, amounting to PLN 523,171,125.10 (say: five hundred and twenty three million one hundred and seventy one thousand one hundred and twenty five zlotys 10/100) in the following manner:
b)payment of dividend to the shareholders in the amount of PLN 505,667,964.80 (say: five hundred and five million six hundred and sixty seven thousand nine hundred and sixty four zlotys 80/100), i.e. PLN 52.40 per share, in reference to the number of shares of the Company as at the date of passing this resolution (9,650,152);
c)allocation of the actuarial gains related to revaluation of post-employment employee benefits, amounting to PLN 332,991.00 (say: three hundred and thirty two thousand nine hundred and ninety one zlotys 00/100) to the reserve capital increase.
Moreover, in the motion of the Management Board of Grupa Kęty S.A. on 2021 profit distribution, the Issuer’s Management Board proposes 11 July 2022 as the dividend record day, whereas the dividend payment date is proposed to be:
Recommending the amount and dates of dividend payment to the Annual General Meeting, the Management Board of Grupa Kęty S.A. took into account the current and foreseeable financial standing of the Company, including the expected increase of demand for capital in the second half of 2022. The amount of the dividend complies with the Company policy in that regard, which assumes the dividend payment ratio of 60% to 100% of the consolidated net profit of the Company generated in the preceding year.
At the same time, the Management Board confirms that the remaining value of reserve capital, which under the binding legal regulations may be allocated to dividend payment, amounts to PLN 38,497,442.37.
The recommendation by the Issuer’s Management Board was submitted to the Supervisory Board of the Company, which on 22 April 2021 – acting pursuant to Article 382.3 of the Code of Commercial Companies – issued a positive opinion on the Management Board’s motion with regard to distribution of the profit generated by the Company in 2021 as well as dividend payment.
The final decision regarding profit distribution for the reporting year 2021 and dividend payment will be made by the Annual General Meeting.
