Current Report No. 18/2018: Distribution of dividend for 2017

The Management Board of KRUK S.A. (the “Company”) announces that on April 18th 2018 the Annual General Meeting of KRUK S.A. passed Resolution No. 5/2018 on the allocation of KRUK S.A.’s 2017 net profit in line with the Management Board’s recommendation (the “Resolution”).

The Annual General Meeting resolved after due consideration of the Management Board’s proposal concerning allocation of KRUK S.A.’s net profit for 2017, the Annual General Meeting of KRUK S.A. hereby resolved to distribute the Company’s entire net profit for 2017 of PLN 29,514,356 as dividends to the Company’s shareholders.  The General Meeting resolved to pay dividends of PLN 5 per share. The dividends shall be distributed from the Company’s net profit for 2017 of PLN 29,514,356 increased by the amount of PLN 64,525,144 transferred from statutory reserve funds created out of retained earnings. Under the Resolution, the dividend record date was set for April 25th 2018, and the dividend payment date will be April 27th 2018. The dividend is to be paid on 18,807,900 KRUK S.A. shares.

Detailed legal basis: Par. 38.2 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]