PL

Motion of the Management Board of Grupa Kęty S.A. with regard to 2024 profit distribution and dividend payment as well as assessment of the motion by the Supervisory Board

The Management Board of Grupa Kęty S.A. (hereinafter referred to as the Issuer or the Company) informs that on 22 April 2025 it passed a resolution recommending to the Annual General Meeting:

a) distribution of the net profit generated by the Company in 2024, amounting to PLN 614,083,478.86 (say: six hundred and fourteen million eighty three thousand four hundred and seventy eight zlotys 86/100) in the following manner:

  • the amount of PLN 227,039.00 (say: two hundred and twenty seven thousand thirty nine zlotys 00/100) to be allocated to covering the actuarial loss in relation to remeasurement of post-employment employee benefits;
  • the amount of PLN 476,426,601.54 (say: four hundred and seventy six million four hundred and twenty six thousand six hundred and one zlotys 54/100) to be allocated to the payment of dividend to the shareholders;
  • the amount of PLN 137,429,838.32 (say: one hundred and thirty seven million four hundred and twenty nine thousand eight hundred and thirty eight zlotys 32/100) to be allocated to increasing the reserve capital;

b) payment of dividend to the shareholders in the amount of PLN 476,426,601.54 (say: four hundred and seventy six million four hundred and twenty six thousand six hundred and one zlotys 54/100), i.e. PLN 48.78 per share, in reference to the number of shares of the Company as at the date of passing the resolution (9,766,843).

Moreover, in the motion of the Management Board of Grupa Kęty S.A. on 2024 profit distribution, the Issuer’s Management Board proposes 20 August 2025 as the dividend record day, whereas the dividend payment date is proposed to be:

  • 3 September 2025 – the amount of PLN 163,887,625.54 (say: one hundred and sixty three million eight hundred and eighty seven thousand six hundred and twenty five zlotys 54/100), i.e. PLN 16.78 per share;
  • 5 November 2025 – the amount of PLN 312,538,976.00 (say: three hundred and twelve million five hundred and thirty eight thousand nine hundred and seventy six zlotys 00/100), i.e. PLN 32.00 per share.

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. 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.

The recommendation by the Issuer’s Management Board was submitted to the Supervisory Board of the Company, which on 22 April 2025 – 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 2024 as well as dividend payment.

The final decision regarding profit distribution for the reporting year 2024 and dividend payment will be made by the Annual General Meeting.