5/2014
5/2014
Resolution of the Management Board on a motion to the General Shareholders Meeting regarding distribution of net profit for the financial year 2013
Current Report No. 5/2014
Date of preparation: 15 April 2014
Subject: Resolution of the Management Board on a motion to the General Shareholders Meeting regarding distribution of net profit for the financial year 2012
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. (“Company”) with registered office in Bogdanka, hereby announces that on 15 April 2012 it adopted a resolution on a motion to the General Shareholders Meeting regarding distribution of net profit for the financial year 2013.
The Management Board proposes to distribute the net profit generated by the Company in 2013 in the amount of PLN 326,529,845.95 (three hundred and twenty-six million five hundred twenty-nine thousand eight hundred and forty-five zlotys 95/100) as follows:
1. PLN 197,278,822.00 (one hundred and ninty-seven million two hundred and seventy-eight thousand eight hundred and twenty-two zlotys 00/100) – allocate for a dividend, i.e. PLN 5.80 (five zlotys 80/100) per share.
2. The remainder, i.e. PLN 129,251,023.95 (one hundred and twenty-nine million two hundred fifty-one thousand and twenty-three zlotys 95/100) – to the Company’s reserve capital.
The above proposal is in line with the dividend policy for 2013-2015 adopted by the Company.
The Management Board proposes to set the dividend date for 11 September 2014, and the dividend payment date for 2 October 2014.
A final decision regarding distribution of 2013 profit will be made by the Annual General Shareholders Meeting of Lubelski Węgiel BOGDANKA S.A.
Legal basis for submitting the report: Article 38.1.11 of the Regulation of the Minister of Finance on the Stock Exchange
Date of preparation: 15 April 2014
Subject: Resolution of the Management Board on a motion to the General Shareholders Meeting regarding distribution of net profit for the financial year 2012
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. (“Company”) with registered office in Bogdanka, hereby announces that on 15 April 2012 it adopted a resolution on a motion to the General Shareholders Meeting regarding distribution of net profit for the financial year 2013.
The Management Board proposes to distribute the net profit generated by the Company in 2013 in the amount of PLN 326,529,845.95 (three hundred and twenty-six million five hundred twenty-nine thousand eight hundred and forty-five zlotys 95/100) as follows:
1. PLN 197,278,822.00 (one hundred and ninty-seven million two hundred and seventy-eight thousand eight hundred and twenty-two zlotys 00/100) – allocate for a dividend, i.e. PLN 5.80 (five zlotys 80/100) per share.
2. The remainder, i.e. PLN 129,251,023.95 (one hundred and twenty-nine million two hundred fifty-one thousand and twenty-three zlotys 95/100) – to the Company’s reserve capital.
The above proposal is in line with the dividend policy for 2013-2015 adopted by the Company.
The Management Board proposes to set the dividend date for 11 September 2014, and the dividend payment date for 2 October 2014.
A final decision regarding distribution of 2013 profit will be made by the Annual General Shareholders Meeting of Lubelski Węgiel BOGDANKA S.A.
Legal basis for submitting the report: Article 38.1.11 of the Regulation of the Minister of Finance on the Stock Exchange