Report No. 8 - Recommendation of the Supervisory Board concerning the motion of the Management Board on apportionment of net profit for the year 2017.
In reference to report No. 7/2018 of the 23rd of February 2018 the Management Board of Stalexport Autostrady S.A. (hereinafter called “Company”) informs that on the 1st of March 2018 the Supervisory Board of the Company made an evaluation of the Management Board’s motion on apportionment of net profit for the year 2017 and makes a request to the Ordinary General Meeting of Stalexport Autostrady S.A. for adoption of the resolution on apportionment of net profit in accordance with the Management Board’s motion.
In the motion the Management Board of Stalexport Autostrady S.A. proposed to apportion net profit for the turnover year 2017 in the amount of PLN 73,208,489.51 (say: seventy three million two hundred eight thousand four hundred eighty nine zlotys fifty one groszy) as follows:
a) amount of PLN 1,502,502.84 (say: one million five hundred two thousand five hundred two zlotys eighty four groszy) to allocate for supplementary capital,
b) amount of PLN 71,705,986.67 (say: seventy one million seven hundred five thousand nine hundred eighty six zlotys sixty seven groszy) to allocate for payment of dividend to the shareholders of the Company, which means that the dividend shall amount to PLN 0.29 (say: twenty nine groszy) per one share.
The final decision on the apportionment of net profit for turnover year 2017, including the determination of the dividend record date and the dividend payment date, will be made by the Ordinary General Meeting of the Company.
Legal basis:
Article 56.1(2) of the Offering Act (current and periodic information) and § 38 section 1 item 11 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognised as equivalent. (Journal of Laws of 2009, No. 33, item 259, later amended)