Current report No. 38/2023: Management Board's recommendation on allocation of net profit and dividend payment

The Management Board of KRUK S.A. (the “Company”) announces that on May 17th 2023 it passed a resolution on its proposal for the Supervisory Board regarding allocation of the Company’s net profit for 2022 and on its recommendation for the General Meeting to allocate the Company’s net profit earned in 2022 of PLN 804,982,752.25, as follows:
1. PLN 289.781.850,00 to payment of dividend of PLN 15.00 per share to the Company’s shareholders;
2. The remaining amount of PLN 515.200.902,25  – to the statutory reserve funds.
The recommendation to pay a dividend and the recommended dividend amount are consistent with the Dividend Policy adopted by the Management Board on December 2nd 2021, as reported by the Company in Current Report No. 55/2021.