CR 18/2016 The information on dividend

The information on dividend  

Current report no.: 18/2016

Date: 22.04.2016

The Management Board of LPP SA with its registered office in Gdansk hereby informs that on 22 April 2016 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 2015, which recommends the payment of a dividend of amount PLN 59 935 557. 00 i.e PLN 33.00 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 17 216 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 32.69.

The Management Board of LPP SA proposes in its request to establish the dividend date on 5 September 2016, and the dividend payment date on 21 September 2016.

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.