Current Report No. 25/2017: Distribution of dividend for 2016

The Management Board of KRUK S.A. (the “Company”) announces that on May 15th 2017 the Annual General Meeting of KRUK S.A. passed Resolution No. 5/2017 on the allocation of KRUK S.A.’s 2016 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 2016, the Annual General Meeting of KRUK S.A. hereby resolved to distribute the Company’s entire net profit for 2016 of PLN 4,212,086.30 as dividends to the Company’s shareholders.  The General Meeting resolved to pay dividends of PLN 2.00 per share. The dividends shall be distributed from the Company’s net profit for 2016 of PLN 4,212,086.30 increased by the amount of PLN 33,276,345.70 transferred from statutory reserve funds created out of retained earnings. Under the Resolution, 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.
Detailed legal basis: Par. 38.2 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]