Current reports
Current report no. 5/2015
ZE PAK S.A. Supervisory Board opinion on the distribution of the net profit for 2014
Legal basis:
Art. 56 section 1 point 2 of the Public Offering Act – Current and periodic information
Art. 56 section 1 point 1 of the Public Offering Act - Confidential information
Contents of the report:
Zespół Elektrowni „Pątnów-Adamów-Konin” S.A. („Company”), in connection with current report no 4/2015 as of 20 March 2015 informing about Management Board recommendation on distribution of the net profit of ZE PAK S.A. for the financial year ended 31 December 2014 informs that on 5 May 2015 Supervisory Board adopted the resolution in which approved Management Board application concerning distribution of the net profit of ZE PAK S.A. for financial year 2014.
Pursuant to the adopted resolution the Supervisory Board of the Company recommends to the Ordinary General Meeting adoption of the resolution on allocating the profit earned in the financial year 2014 in amount of 204 642 447,41 PLN, in line with the Management Board application, as follows:
a) amount of PLN 40.658.837,60 allocate for a dividend for shareholders, which means that dividend per share is PLN 0.80,
b) remaining amount of PLN 163 983 609.81 allocate for the reserve capital.
Proposed dividend amount is equal to 19,87% of the net profit of the Company for the 2014 year.
The final decision on the distribution of the profit for the financial year 2014 will be made by the Ordinary General Meeting.
Legal Basis: § 38 Section 1 Item 11 of the Regulation issued by the Finance Minister on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent.
Signatures of persons representing the company:
Katarzyna Muszkat – President of the Management Board
Anna Striżyk – Vice President of the Management Board