Current Report No. 5/2015: Management Board proposal for dividend distribution

Date of the report: February 18th 2015

Subject: Management Board proposal for dividend distribution

Legal basis: Art. 56.1.2 of the Public Offering Act – Current and periodic information

Text of the report:
The Management Board of KRUK S.A. (the “Company”) announces that on February 18th 2015 the Management Board of the Company passed a resolution under which it will propose to the Annual General Meeting that a dividend of PLN 1.5 per share be distributed to shareholders from net profit earned in the period from January 1st to December 31st 2014. 

The proposal concerning the dividend payment and dividend amount was prepared taking into account the KRUK Group’s current financial standing, as well as its further growth strategy, plans and prospects.

The Management Board may propose distribution of dividends in the future, but in each case the final decision in this respect will be made with due regard paid to the Group’s strategic plans, growth prospects, investment financing requirements, as well as its current debt level and overall financial standing.

The Management Board also reports that if the General Meeting passes a resolution in line with the Board’s proposal, the balance of the Company’s net profit for 2014 will be allocated to statutory reserve funds.

Legal basis: Par. 38.1.11 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information […]

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