Current report no : 04/2014
Report date : 3/21/2014
Abbreviated name : Ciech SA
Subject : Recommendation of the Board of Directors of CIECH S.A. regarding dividend for 2013.
Legal basis : Art. 56 section 1 point 2 of the Act on Offering – current information
Report :
Acting on the basis of a) article 56 section 1 point 1 of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (Journal of Laws of 2005, No. 184, item 1539, as amended) and b) § 38 section 1 point 11) of the Regulation of the Minster of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognising information required by the laws of a non-member state as equivalent (Journal of Laws of 2009, No. 33, item 259, as amended) - CIECH S.A. (the "Issuer") would like to inform you that on 20 March 2014, the Board of Directors of the Issuer adopted resolution No. 68/2014 on the "proposal for the distribution of the net profit of CIECH S.A. for the year 2013", in which it recommends that the General Meeting of the Issuer should allocate the net profit of the Issuer for 2013, in the amount of PLN 100 692 846.14 (in words: one hundred million six hundred and ninety-two thousand eight hundred and forty-six and 14/100 Polish zloty), in its entirety, to the supplementary capital of the Issuer.
At the same time, the Board of Directors of the Issuer would like to inform you that it submitted a request to the Supervisory Board of the Issuer to recommend that the General Meeting of the Issuer should allocate the dividend in accordance with the aforementioned recommendation of the Board of Directors of the Issuer.
Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board
