The Management Board of Grupa Kęty S.A. hereby informs that the Supervisory Board at its meeting on 6 April 2017 approved of the Management Board’s motion concerning the payment of the dividend for the financial year 2016 amounting to 223,014,530 PLN (two hundred and twenty three million fourteen thousand five hundred and thirty zloty). On the day of adopting the resolution, the number of shares subject to dividend is 9,478,376 (nine million four hundred and seventy eight thousand three hundred and seventy six). The number of shares may increase by 11,604 series G shares, which have been subscribed for pursuant to the incentive programme for the management staff and which are in the process of admitting them to exchange trading. In the case of admitting the shares to exchange trading, until the time of determining the right to dividend, the number of all shares subject to dividend will amount to 9,489,980 (nine million four hundred and eighty nine thousand nine hundred and eighty), which will mean the payment of dividend of 23.50 PLN per share.
The amount of the dividend complies with the Company’s policy which assumes the dividend payment ratio from 60% to 100% of consolidated net profit.
Furthermore, the Supervisory Board adopted the resolution concerning the positive evaluation of the financial statements of Grupa Kęty S.A. and of the consolidated financial statements for 2016, and assessed the Company’s and the Group’s market and financial situation as good.
The dividend day (the date when the right to divided is determined) is 24 August 2017, and the dividend payment dates are as follows:
