Current report no. [6/2017]
Date of report: 24.05.2017
Abbreviated name of the Issuer: CIECH S.A.
Subject: Evaluation of the motion of the Management Board of CIECH S.A. regarding the distribution of net profit of CIECH SA. for the financial year 2016
Legal basis: Art. 56 section 1 point 2 of the Act on Offering – current and periodic reports
Contents of the report:
The Management Board of Ciech S.A. (“the Issuer” or “the Company”) announces that the Supervisory Board, upon review and evaluation of a motion of the Management Board of the Company, expressed in the resolution of 20 March 2017, regarding the allocation of the net profit generated by the Company in 2016, adopted, on 24.05.2017, a resolution on recommendation to the Shareholders’ Meeting of the Company of allocation of the whole net profit of the Company for 2016, to the value of PLN 152,439,960.97 (one hundred fifty-two million four hundred thirty-nine thousand nine hundred sixty and 97/100), to the supplementary capital of the Company.
The Issuer announced the adoption by the Management Board of the Issuer of resolution regarding the proposal of distribution of the net profit of the Issuer for the financial year 2016 in current report no. 5/2017 of 20 March 2017.
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 (the "Regulation").
Signatures of persons representing the Company:
Maciej Tybura – President of the Management Board
Artur Osuchowski – Member of the Management Board
