15/05/2017

Dividend

Dividend for 2016

On May15th 2017 the Annual General Meeting of KRUK S.A., in line with the Management Board’s recommendation, resolved to pay dividends of PLN 2 per share. The dividends shall be distributed from the Company’s net profit for 2016 of ca. PLN 4.2mln increased by the amount of ca. PLN 33.3 mln transferred from statutory reserve funds created out of retained earnings. The dividend record date was set for June 29th 2017, and the dividend payment date will be July 5th 2017. The dividend is to be paid on 18,744,216 KRUK S.A. shares. The entire amount is ca. PLN 37,5mln. (CR 25/2017)

The Management Board is of the opinion that a distribution of this amount will not affect the Group’s primary plans for further business growth, as the decision to pay dividend and the dividend amount take into account the Group’s future financing requirements, as well as its current debt level and overall financial standing.

Historical data on dividend payments

 

For 2014

For 2015

For 2016

Total dividend paid

PLN 25.9m

PLN 35.5m

PLN 37.5

Dividend paid per share

PLN 1.5

PLN 2.0

PLN 2.0

Dividend record date

July 1st 2015

July 8th 2016

June 29th 2017

Dividend payment date

July 24th 2015

July 29th 2016

July 5th 2017

Dividend policy

In the medium term, the Group’s strategy is to reinvest all profits in business development, in order to support the Group’s value growth. However, the Company may pay out dividends in the years to come, as long as they do not affect its ability to raise financing required for further expansion.

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