Dividend policy

The guiding principle of the Issuer’s Management Board regarding dividends is to pay dividends in accordance with the amount of profit generated and the current capabilities of the Issuer.

The Management Board submits proposals concerning dividend payment with consideration of the need to ensure the financial liquidity of the Issuer and secure the capital required for business development.

When deciding on the recommendation of dividend payment, the Management Board of the Issuer considers, in particular, the current and future financial situation of the Issuer’s Group, strategic objectives and the effectiveness of the investment projects planned by the Issuer’s Group.

Amount of dividend for every fiscal year from 2010 to 2017:

Item 2013 2014 2015 2016 2017 2018 2019
Consolidated net income (PLN thousand) 6,909

10,019

10,307

14,841

5,364

7,045

-2,031

Amount of planned divided (PLN thousand)

259

2,161

0

1,377

0

0

5,295

Amount of approved and paid-out dividend (PLN thousand)

259

2,161

0

1,377

0

0

5,203 *

Number of shares

8,643,400

8,643,400

8,643,400

10,589,100

10,589,100

10,589,100

10,603,414

Par value of a share (PLN)

1

1

1

1

1

1

1

Dividend value per share (PLN)

0.03

0.25

0.00

0.13

0.00

0.00

0.50

Dividend day

8.07.2014

2.07.2015

-

11.07.2017

-

-

19.06.2020

Payment date

25.07.2014

20.07.2015

-

18.07.2017

-

-

26.06.2020

 

* The dividend was not paid for own shares acquired by the Issuer