Current Report No.: 10/2022
Date of preparation: 12.04.2022
Abbreviated name of the Issuer: CIECH S.A.
Subject: Assessment of the application of the Management Board of CIECH S.A. regarding the allocation of profit for 2021
Legal basis: Article 17.1 of the MAR – inside information
Text of the report:
The Management Board of CIECH S.A. (the "Issuer" or “Company”) herewith informs that on 12 April 2022, the Supervisory Board of the Company, upon review of the application by the Management Board of the Company to be proposed at the Annual General Meeting, as expressed in Resolution of the Management Board of CIECH S.A. of 11 April 2022, on the allocation of the net profit generated by the Company in 2021, adopted a resolution on recommendation to the Annual General Meeting of distribution of the net profit of the Company for 2021, to the value of PLN PLN 133 206 455,08 (in words: one hundred and thirty three million two hundred and six thousand four hundred and fifty-five 08/100 zlotys) (the “Profit”) in full to the supplementary capital of the Company.
The Issuer published information on the approval by the Management Board of the Issuer of a resolution on the proposal of the allocation of the net profit of the Issuer for the financial year 2021 in its current report no. 9/2022 of 11 April 2022.
At the same time, the Company informs that the final decision on the allocation of the net profit for 2021 will be made by the Annual General Meeting of CIECH S.A. to be held on 28 April 2022.
Legal basis: Article 17.1 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on Market Abuse (the Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union L No. 173, p. 1).
Signatures of the Company’s representatives:
Dawid Jakubowicz – President of the Management Board
Jarosław Romanowski - Member of the Management Board
