Current report no.: 16/2018 

Date of preparation: 2018-06-22

Abbreviated name of the Issuer: CIECH S.A.

Subject: Information on the decision of the Annual General Meeting of Shareholders of CIECH S.A. on the manner of allocation of the profit of the Company for 2017 and dividend distribution

Legal basis: Art. 56 section 1 point 2 of the Act on Public Offering – Current and Periodic Information

Contents of the report:

The Management Board of Ciech S.A. (the “Company”) herewith informs that on 22 June 2018, the Annual General Meeting of the Company (the “AGM”) passed a resolution in which the AGM decided to:

1. to allocate the net profit generated by the Company in 2017, in the amount of PLN 243,907,228.06 (in words: two hundred and forty-three million nine hundred and seven thousand two hundred and twenty-eight and 06/100 Polish Zlotys) to the payment of dividend,
2. to transfer the amount of PLN 151,342,089.44 (in words: one hundred and fifty-one million three hundred and forty-two thousand eighty-nine and 04/100 Polish Zlotys) from the reserve capitals created from profits, in order to allocate it to the payment of dividend, 
3. to distribute dividend in the amount of PLN 395,249,317.50 (in words: three hundred and ninety-five million two hundred and forty-nine thousand three hundred seventeen and 50/100 Polish Zlotys), i.e. PLN 7.50 per share from the net profit of the Company for 2017, increased by the amount transferred from the reserve capital created from profits. 

The number of shares which are subject to dividend distribution is 52,699,909. The amount of dividend per share is PLN 7.50.

At the same time, the AGM of the Company decided that the record date and the dividend payment date will be 2 July 2018 and 31 August 2018 respectively.

Legal basis: § 19 section 2 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state.

Signatures of individuals representing the company:

Maciej Tybura – President of the Management Board
Artur Osuchowski – Member of the Management Board