7/2022
7/2022
Recommendation of the Management Board regarding the payment of dividend from the 2021 net profit
Current Report No. 7/2022
Date of preparation: 26 May 2022
Subject: Recommendation of the Management Board regarding the payment of dividend from the 2021 net profit
Legal basis: Article 17.1 of MAR – Inside Information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. (“Company”), with registered office in Bogdanka, hereby announces that on 26 May 2022 it adopted a resolution on a motion to the General Shareholders Meeting regarding distribution of net profit for the financial year 2021.
The Management Board proposes to distribute the net profit generated by the Company in 2021 in the amount of PLN 291,594,627.51 (two hundred ninety-one million five hundred ninety-four thousand six hundred and twenty-seven zlotys 51/100) as follows:
to allocate PLN 85,033,975.00 (eighty-five million thirty-three thousand and nine hundred seventy-five zlotys 00/100) for dividend payments, i.e. PLN 2.5 per share
the remaining amount, i.e. PLN 206,560,652.51 (two hundred six million five hundred sixty thousand six hundred and fifty-two zloty 51/100), to be transferred to the Company’s reserve capital.
At the same time, the Management Board of the Company proposed to set 4 July 2022 as the dividend day and 20 July 2022 as the dividend payment date.
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 2030 (under the 2040 framework) adopted in December 2020.
The Management Board submitted the motion to the Company’s Supervisory Board for opinion. A final decision regarding the distribution of the 2021 profit will be made by the Annual General Shareholders Meeting of Lubelski Węgiel Bogdanka S.A.
Date of preparation: 26 May 2022
Subject: Recommendation of the Management Board regarding the payment of dividend from the 2021 net profit
Legal basis: Article 17.1 of MAR – Inside Information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. (“Company”), with registered office in Bogdanka, hereby announces that on 26 May 2022 it adopted a resolution on a motion to the General Shareholders Meeting regarding distribution of net profit for the financial year 2021.
The Management Board proposes to distribute the net profit generated by the Company in 2021 in the amount of PLN 291,594,627.51 (two hundred ninety-one million five hundred ninety-four thousand six hundred and twenty-seven zlotys 51/100) as follows:
to allocate PLN 85,033,975.00 (eighty-five million thirty-three thousand and nine hundred seventy-five zlotys 00/100) for dividend payments, i.e. PLN 2.5 per share
the remaining amount, i.e. PLN 206,560,652.51 (two hundred six million five hundred sixty thousand six hundred and fifty-two zloty 51/100), to be transferred to the Company’s reserve capital.
At the same time, the Management Board of the Company proposed to set 4 July 2022 as the dividend day and 20 July 2022 as the dividend payment date.
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 2030 (under the 2040 framework) adopted in December 2020.
The Management Board submitted the motion to the Company’s Supervisory Board for opinion. A final decision regarding the distribution of the 2021 profit will be made by the Annual General Shareholders Meeting of Lubelski Węgiel Bogdanka S.A.