CR 15/2017 The information on dividend

The information on dividend  

Current report no.: 15/2017

Date: 26.04.2017; 14:25

The Management Board of LPP SA with its registered office in Gdansk hereby informs that on 26 April 2017 decided to submit to the Supervisory Board and the Annual General Meeting a proposal on the distribution of the net profit earned in the financial year ended on 31 December 2016, which recommends the payment of a dividend of amount PLN 65 631 268.00 i.e PLN 36.00 per share.

The Management Board of LPP SA also states that the Company based on resolution No. 21 and 22 of the Annual General Meeting of the Company dated 27 June 2011 issued 21 300 warrants entitling to subscribe for the same number of shares in the share capital of the Company, out of which 13 132 warrants remained for implementation. In the case of the implementation of these powers before the dividend day value of the dividend per share would be PLN 35.74.

The Management Board of LPP SA proposes in its request to establish the dividend date on 4 September 2017, and the dividend payment date on 20 September 2017.

The proposal will be submitted for opinion to the Supervisory Board of LPP SA, as required by the provisions of § 33 paragraph. 3 of the Statute and of art. 382 § 3 of the Commercial Companies Code and presented for consideration by the Annual General Meeting of the Company, in accordance with Art. 395 § 2 point 2 of the Commercial Companies Code and § 33 paragraph. 1 point 3 of the Statute of LPP SA.