Subject:

Supervisory Board opinion on the distribution of profit for the financial year 01.07.2018 – 30.06.2019 and payment of a dividend to the Company’s shareholders

Legal basis:

Art. 17 sec. 1 MAR – inside information.

Content:


With reference to Current Report No. 30/2019 dated 9 September 2019, the Management Board of R22 spółka akcyjna (the “Company”) hereby announces that on 10 September 2019 the Supervisory Board of the Company adopted a resolution and assessed the proposals of the Company’s Management Board concerning:

1/ the distribution of net profit for the financial year covering the period from 01.07.2018 to 30.06.2019,

2/ the payment of part of the net profit for the financial year covering the period from 01.07.2018 to 30.06.2019 in the amount of PLN 4 230 000,00 as a dividend to the Company’s shareholders and the allocation of PLN 671 000,00 to the Company’s supplementary capital, and adopted a resolution in this matter and requests that the Annual General Meeting of the Company adopt resolutions in accordance with the proposals submitted by the Management Board.

In these proposals, the Management Board of the Company proposed that the net profit for the financial year covering the period from 01.07.2018 to 30.06.2019, amounting to PLN 4 901 000,00 (four million nine hundred one thousand zlotys), be allocated in the amount of PLN 4 230 000,00 to the payment of a dividend to the Company’s shareholders, which means that the dividend per share will amount to 30 groszy, and that PLN 671 000,00 be allocated to the Company’s supplementary capital.

The Supervisory Board also issued a positive opinion on the Management Board’s recommendation to set the dividend record date as 15 October 2019 and the dividend payment date as 22 October 2019.

The final decision concerning the distribution of net profit for the financial year covering the period from 01.07.2018 to 30.06.2019 and the payment of a dividend to shareholders, including determination of the dividend record date and dividend payment date, will be made by the Annual General Meeting.