Current report no. 19/2016
Date of drawing-up the report: 14 June 2016
Subject: Change of recommendation of the Supervisory Board regarding the distribution of the net profit of CIECH S.A. for financial year 2015
Legal basis: Art. 56 section 1 point 2 of the Act on Offering – current and periodic reports
Text of the report:
The Management Board of Ciech S.A. (“the Company”) announces that the Supervisory Board, upon another analysis of a motion of the Management Board of the Company regarding the allocation of the net profit generated by the Company in 2015, adopted, on 14 June 2016, a resolution on recommendation to the Shareholders’ Meeting of the Company of distribution of the 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) in the following manner:
The Company announced the fact of adoption by the Management Board of the Company of a resolution regarding the proposal of distribution of the net profit of the Company for the financial year of 2015 in its current report no. 9/2016 of 21 March 2016, and in current report no. 10/2016 of 30 March 2016, it announced the original recommendation of the Supervisory Board regarding the distribution of the net profit.
Legal basis: § 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 (Journal of Laws of 2009, No. 33, item 259, as amended).
Signatures of the Company's representatives:
Maciej Tybura – President of the Management Board
Artur Osuchowski – Member of the Management Board