CR 03/2025 Information on advance dividend payments
Current report no: 03/2025
Date: 31 January 2025
Time: 01:57 PM
The Management Board of LPP Spółka Akcyjna, with its registered office in Gdańsk (the “Company” or the “Issuer”), announces that today it has decided to disburse an advance dividend payment to shareholders for the financial year from 1 February 2024 to 31 January 2025. The advance payment in accordance with the assumptions described herein was approved by the Supervisory Board of the Company.
The advance payment per share will amount to PLN 330.
The Company will disburse the amount of PLN 612,443,700 as the advance dividend payment.
The right to dividends is vested in all 1,855,890 shares of the Company.
The date for determining the list of shareholders eligible for the advance dividend payment has been set at 23 April 2025.
The advance dividend payment date has been set at 30 April 2025.
The Management Board intends to submit a proposal to the Ordinary General Meeting for the payment of the dividend in the total amount of at least PLN 660 per share and setting the dividend payment date at 31 October 2025. In the event that the Ordinary General Meeting of the Company adopts a resolution on profit distribution in accordance with the Management Board’s proposal, the dividend paid to each shareholder will be reduced by the amount of the advance dividend payment disbursed.
The Issuer’s Management Board indicates that the decision regarding the advance dividend payment is a result of the implementation of the Dividend Policy for 2024-2026 adopted by Resolution No 21 of the Ordinary General Meeting of the Company of 30 June 2023. Based on the provisions of the aforementioned document, the Management Board conducted an analysis of the Company situation and, based on that, concluded that it was possible to disburse the advance dividend payment. At the same time, the Issuer’s Management Board indicates that the formal conditions necessary for the disbursement of the advance dividend payment, resulting from Article 349 of the Commercial Companies Code, have been met.
The Management Board of the Company announces that the decision to disburse the advance dividend payment was made taking into account the Company’s audited interim condensed separate financial statements as at 31 July 2024.
The Issuer informs that, in accordance with the requirement of Article 349§4 of the Code of Commercial Companies, information on the planned advance payment will be published by means of an announcement in the Court and Economic Monitor and on the website https://www.lpp.com/en/investor-relations/.