5/2015
5/2015
Resolution of the Management Board on a motion regarding distribution of net profit for the financial year 2014 and its assessment by the Supervisory Board
Current Report No. 5/2015
Date of preparation: 5 May 2015
Subject: Resolution of the Management Board on a motion regarding distribution of net profit for the financial year 2014 and its assessment by the Supervisory Board
Legal Basis: Art. 56.1.2 of the Act on Public Offering - current and periodic information
Content:
In relation to Current Report No. 4/2015 dated 29 April 2015, the Management Board of BOGDANKA S.A. (the “Company”) with registered office in Bogdanka, hereby informs you that on 5 May 2015 it adopted resolution regarding a change of a motion to the General Shareholders Meeting regarding distribution of net profit for 2014; the change referred to the allocation of the “remainder”, to be allocated to the supplementary capital, rather than – as initially planned – to the financing of the Company’s development investments. The remaining part of the motion has remained unchanged.
According to the motion the Management Board proposes to distribute the net profit generated by the Company in 2014 in the amount of PLN 272,942,404.07 (two hundred seventy-two million nine hundred forty-two thousand four hundred and four zlotys 07/100) as follows:
1. PLN 102,040,770.00 (one hundred and two millions forty thousand seven hundred and seventy zlotys 00/100) – allocate for a dividend, i.e. PLN 3.00 (three zlotys 00/100) per share.
2. The remainder, i.e. PLN 170,901,634.07 (one hundred seventy million nine hundred one thousand six hundred and thirty-four zlotys 07/100) – allocate towards the Company’s supplementarycapital.
The Management Board proposes to set the dividend date for 17 September 2015, and the dividend payment date for 8 October 2015.
Moreover, the Company informs you that 5 May 2015, the Company’s Supervisory Board adopted a resolution accepting the proposition of the Management Board made to the Annual General Shareholders Meeting with respect to the distribution of net profit for 2014.
A final decision regarding distribution of 2014 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: 5 May 2015
Subject: Resolution of the Management Board on a motion regarding distribution of net profit for the financial year 2014 and its assessment by the Supervisory Board
Legal Basis: Art. 56.1.2 of the Act on Public Offering - current and periodic information
Content:
In relation to Current Report No. 4/2015 dated 29 April 2015, the Management Board of BOGDANKA S.A. (the “Company”) with registered office in Bogdanka, hereby informs you that on 5 May 2015 it adopted resolution regarding a change of a motion to the General Shareholders Meeting regarding distribution of net profit for 2014; the change referred to the allocation of the “remainder”, to be allocated to the supplementary capital, rather than – as initially planned – to the financing of the Company’s development investments. The remaining part of the motion has remained unchanged.
According to the motion the Management Board proposes to distribute the net profit generated by the Company in 2014 in the amount of PLN 272,942,404.07 (two hundred seventy-two million nine hundred forty-two thousand four hundred and four zlotys 07/100) as follows:
1. PLN 102,040,770.00 (one hundred and two millions forty thousand seven hundred and seventy zlotys 00/100) – allocate for a dividend, i.e. PLN 3.00 (three zlotys 00/100) per share.
2. The remainder, i.e. PLN 170,901,634.07 (one hundred seventy million nine hundred one thousand six hundred and thirty-four zlotys 07/100) – allocate towards the Company’s supplementarycapital.
The Management Board proposes to set the dividend date for 17 September 2015, and the dividend payment date for 8 October 2015.
Moreover, the Company informs you that 5 May 2015, the Company’s Supervisory Board adopted a resolution accepting the proposition of the Management Board made to the Annual General Shareholders Meeting with respect to the distribution of net profit for 2014.
A final decision regarding distribution of 2014 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