16/2017
16/2017
Adopting a resolution on dividend payment by LW Bogdanka S.A.
Current Report No. 16/2017
Date of preparation: 26 June 2017
Subject: Adopting a resolution on dividend payment by LW Bogdanka S.A.
Legal Basis: Art. 56.1.2 of the Act on Public Offering - current and periodic information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. (the “Company”) hereby announces that the Annual General Shareholders Meeting held on 26 June 2017 adopted a resolution on distribution of net profit for 2016.
The Annual General Shareholders Meeting decided to distribute the net profit generated by the Company in 2016 in the amount of PLN 175,896,313.75 (one hundred seventy-five million eight hundred ninety-six thousand three hundred and thirteen zlotys 75/100) as follows:
1. PLN 34,013,590.00 (thirty-four million thirteen thousand five hundred and ninety zlotys 00/100) – for a dividend, i.e. PLN 1.00 (one zloty 00/100) per share.
2. Allocate the remaining amount, i.e. PLN 141,882,723.75 (one hundred forty-one million eight hundred eighty-two thousand seven hundred and twenty-three zlotys 75/100) for the Company’s reserve capital.
The number of shares subject to dividend is 34,013,590.
The above proposal is in line with the dividend policy as announced by the Company in the Development Strategy of LW Bogdanka S.A. Mining Area of the Enea Group until 2025 (under the 2030 framework).
The Annual General Shareholders Meeting scheduled the dividend date for 13 July 2017 and the dividend payment date for 2 August 2017.
Legal basis for submitting the report: Article 38.2 of the Regulation of the Minister of Finance on the Stock Exchange
Date of preparation: 26 June 2017
Subject: Adopting a resolution on dividend payment by LW Bogdanka S.A.
Legal Basis: Art. 56.1.2 of the Act on Public Offering - current and periodic information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. (the “Company”) hereby announces that the Annual General Shareholders Meeting held on 26 June 2017 adopted a resolution on distribution of net profit for 2016.
The Annual General Shareholders Meeting decided to distribute the net profit generated by the Company in 2016 in the amount of PLN 175,896,313.75 (one hundred seventy-five million eight hundred ninety-six thousand three hundred and thirteen zlotys 75/100) as follows:
1. PLN 34,013,590.00 (thirty-four million thirteen thousand five hundred and ninety zlotys 00/100) – for a dividend, i.e. PLN 1.00 (one zloty 00/100) per share.
2. Allocate the remaining amount, i.e. PLN 141,882,723.75 (one hundred forty-one million eight hundred eighty-two thousand seven hundred and twenty-three zlotys 75/100) for the Company’s reserve capital.
The number of shares subject to dividend is 34,013,590.
The above proposal is in line with the dividend policy as announced by the Company in the Development Strategy of LW Bogdanka S.A. Mining Area of the Enea Group until 2025 (under the 2030 framework).
The Annual General Shareholders Meeting scheduled the dividend date for 13 July 2017 and the dividend payment date for 2 August 2017.
Legal basis for submitting the report: Article 38.2 of the Regulation of the Minister of Finance on the Stock Exchange