Current report no. 9/2016

Current report no. 9/2016

Current report no.: 9/2016

Date of report: 21 March 2016

Abbreviated name of issuer: CIECH S.A.

Subject: Recommendation of the Management Board of CIECH S.A. concerning the allocation of profit for 2015 

Legal basis: Art. 56 section 1 point 2 of the Act on Offering – current and periodic information

Text of the report: 

The Management Board of CIECH S.A. ("the Company" or "the Issuer") announces that on 21 March 2016 it adopted a resolution regarding a recommendation of distribution of the net profit achieved by the Company in 2015, where it recommends to the Ordinary Shareholders' Meeting of the Issuer to allocate the whole net profit of the Company for 2015, to the value of PLN 331.578.548,92 (three hundred thirty-one million five hundred seventy-eight thousand five hundred forty-eight and 92/100) to the supplementary capital of the Company.  

At the same time, the Management Board of CIECH S.A. announces that it intends to apply to the Supervisory Board of the Company for recommending to the Ordinary Shareholders' Meeting of the Company to allocate the profit for 2015 according to this recommendation of the Management Board.

Legal basis: Art. 56 section 1 point 2) of the Act on Public Offering and Terms and Conditions of Trade of Financial Instruments in an Organized Trading System, as well as on Public Companies ("Act on Public Offering") and § 38 section 1 point 11) of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information delivered by issuers of securities and on conditions of recognition of information required under non-member state law regulations as equivalent ("Regulation").

Signatures of the Company's representatives: Maciej Tybura – President of the Management Board

                                                                                         Artur Osuchowski – Member of the Management Board

Do góry