Current reports
Current report no. 5/2017
Recommendation of the Management Board and opinion of the Supervisory Board concerning the distribution of the net profit of ZE PAK SA for the financial year ended 31 December 2016
Legal basis:
Article 17 Section 1 of the MAR – inside information
Contents of the report:
Zespół Elektrowni "Pątnów-Adamów-Konin" SA ("the Company") informs that on 19 May 2017 the Company’s Management Board adopted a resolution on the distribution of the net profit for the financial year ended 31 December 2016.
The Management Board in adopted resolution proposed distribution of the net profit for 2016 in amount of PLN 131 406 539.49 in following way:
a) amount of PLN 65 562 375.63 allocate for a dividend for shareholders, which means that dividend per share is PLN 1.29,
b) remaining amount of PLN 65 844 163.86 allocate for the reserve capital.
Proposed dividend amount is equal to 49,89% of the net profit of the Company for the 2016 year.
At today’s meeting the Supervisory Board adopted resolution on positive opinion about Management Board proposition on distribution of the net profit for 2016 and recommended to the General Meeting of the Company adoption of the resolution on distribution of the net profit for 2016 according to the Management Board’s recommendation.
Signatures of persons representing the company:
Adam Kłapszta – President of the Management Board
Aneta Lato-Żuchowska – Vice President of the Management Board