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General Meeting of CIECH SA: dividend of PLN 395.2 m to be distributed to shareholders

The General Meeting of CIECH SA passed a resolution on the distribution of dividend from the profit for 2017, in the amount of PLN 243.9 m, and transfer the amount of PLN 151.3 m from supplementary capitals created from profits from previous years, in order to distribute it to the shareholders of the Company. In total, PLN 395.2 m will be paid to investors, i.e. PLN 7.50 per share. Given the current price per share, the dividend rate amounts to 12 percent. The record date was scheduled for 2 July 2018, and the dividend payment date for 31 August 2018.

The dividend will be paid out of the separate profits of CIECH SA for 2017, which amounted to PLN 243.9 m. By the decision of the General Meeting, apart from last year's profit, the dividend to be distributed to the shareholders will also include PLN 395.2 m, i.e. the amount transferred from the company's supplementary capitals created from profits.

In total, the Company will pay its shareholders PLN 395.2 m, i.e. PLN 7.50 per share. This means that the dividend rate  amounts to 12%. Thus, CIECH belongs to one of the most attractive companies in terms of sharing profits with its shareholders this year.

- The good financial standing of the company, as well as the prospects of the core businesses of the CIECH Group, allow us to share the profits with our shareholders. This decision is further supported by the fact that despite the Group's high profits for 2016, the company did not pay any dividend, among others, due to the uncertain market environment – says Maciej Tybura, President of the Management Board of CIECH SA.

Kontakt:
Mirosław Kuk, Rzecznik Prasowy Grupy CIECH
miroslaw.kuk@ciechgroup.com, tel. +48 723 66 86 86.

CIECH to międzynarodowa, profesjonalnie zarządzana grupa z polskimi korzeniami, o ugruntowanej pozycji lidera w branży chemicznej w Europie Środkowej i Wschodniej. Wytwarza produkty, z których powstają artykuły niezbędne w codziennym życiu ludzi na całym świecie - nowoczesne wyroby o najwyższej, światowej jakości. Korzystając ze wsparcia wiarygodnego inwestora strategicznego (Kulczyk Investments) realizuje strategię globalnego rozwoju, rozszerzając sprzedaż na światowych rynkach. Łączy przy tym nowoczesne podejście do biznesu z tradycją produkcji sięgającą 1882 roku. Więcej informacji znajduje się na stronie www.ciechgroup.com.

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