7/2020
7/2020
Supervisory Board’s assessment of the motion submitted by the Management Board of Lubelski Węgiel Bogdanka S.A. regarding the allocation of profit for 2019 to the Company’s reserve capital
Current Report No. 7/2020
Date of preparation: 25 May 2020
Subject: Supervisory Board’s assessment of the motion submitted by the Management Board of Lubelski Węgiel Bogdanka S.A. regarding the allocation of profit for 2019 to the Company’s reserve capital
Legal basis: Article 17.1 of the MAR Regulation - Inside Information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. (“Company”) with registered office in Bogdanka, informs you that on 25 May 2020 it positively evaluated the motion of the Management Board to the Annual General Shareholders Meeting regarding distribution of net profit for the financial year 2019.
Pursuant to the motion in question, the Management Board proposes to distribute the net profit for the financial year 2019 in the amount of PLN 306,183,753.52 (three hundred and six million one hundred and eighty-three thousand seven hundred and fifty-three zlotys 52/100) and allocating it in full to the Company’s reserve capital.
A final decision regarding the distribution of the 2019 profit will be made by the Annual General Shareholders Meeting of Lubelski Węgiel Bogdanka S.A.
Date of preparation: 25 May 2020
Subject: Supervisory Board’s assessment of the motion submitted by the Management Board of Lubelski Węgiel Bogdanka S.A. regarding the allocation of profit for 2019 to the Company’s reserve capital
Legal basis: Article 17.1 of the MAR Regulation - Inside Information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. (“Company”) with registered office in Bogdanka, informs you that on 25 May 2020 it positively evaluated the motion of the Management Board to the Annual General Shareholders Meeting regarding distribution of net profit for the financial year 2019.
Pursuant to the motion in question, the Management Board proposes to distribute the net profit for the financial year 2019 in the amount of PLN 306,183,753.52 (three hundred and six million one hundred and eighty-three thousand seven hundred and fifty-three zlotys 52/100) and allocating it in full to the Company’s reserve capital.
A final decision regarding the distribution of the 2019 profit will be made by the Annual General Shareholders Meeting of Lubelski Węgiel Bogdanka S.A.