Motion of the Management Board regarding the method of distribution of the profit generated in the year ended December 31, 2021 and assessment of this motion by the Supervisory Board
Hour: 14:41
Legal basis: Article 17 sec. 1 of MAR - confidential information
The Management Board of Grupa Pracuj S.A. with its seat in Warsaw (“Company”) informs that on May 18, 2022, adopted a resolution regarding the recommendation to the General Meeting of the distribution of the net profit for the year ended on December 31, 2021 in the amount of PLN 266,261,411.34, as follows:
1) the amount of PLN 136,530,052 to be allocated to the payment of a dividend for the Company's shareholders, i.e. in the amount of PLN 2 (two zlotys) per share;
2) the amount of PLN 129,731,359.34 to be allocated to the Company's supplementary capital.
In the resolution, the Management Board proposed the dividend day to be set for September 16, 2022 and to cover with the dividend all the Company's shares existing on the dividend date, as well as to determine September 30, 2022 as the dividend payment date.
The motion of the Management Board regarding the recommendation of the distribution of the Company's profit was adopted taking into account the dividend payment policy indicated in the Company's prospectus and, inter alia: the financial position and liquidity of the Company, existing and future liabilities and assessment of the Company's development prospects, in particular taking into account the potential need to spend funds in connection with Company’s development and undertaking new projects, as well as applicable provisions of law.
At the same time, the Company informs that the motion of the Management Board was positively assessed by the Supervisory Board of the Company at the meeting of May 18, 2022, which decided to recommend to the General Meeting to adopt a resolution on the method of distribution of the net profit generated in the year ended on December 31, 2021, pursuant to the Management Board’s motion.
The final decision regarding the distribution of profit for the year ended on December 31, 2021, including the possible payment of dividend and its amount, will be made by the Ordinary General Meeting.