Current Report No.: 40/2022
Date of preparation: 15.11.2022
Abbreviated name of the Issuer: CIECH S.A.
Subject: Decision of the Management Board of CIECH S.A. to pay interim dividend for 2022.
Legal basis: Art. 17 sec. 1 of MAR – inside information
Text of the report:
The Management Board of CIECH S.A. (the “Issuer” or “Company”), with reference to Current Report No. 32/2022, herewith informs that it has decided to pay an interim dividend for 2022 in accordance with article 349 of the Code of Commercial Companies, in the total amount of PLN 79,049,863.50 [in words: seventy-nine million, forty-nine thousand, eight hundred and sixty-three and 50/100 zlotys], which means that PLN 1.50 [in words: one and 50/100 zlotys] will be paid for each share (hereinafter referred to as the “Interim Dividend”). At the same time, the Management Board of the Issuer would like to advise that the condensed separate financial statements of CIECH S.A. for the period from 1 January 2022 to 30 September 2022, prepared as at 30 September 2022, shows a profit, the Company has sufficient current funds to make the payment, and the amount of the Interim Dividend will not exceed half of the profit earned since the end of the financial year 2021.
The Interim Dividend will be paid subject to the issuance of an audit report containing an unqualified opinion by an independent statutory auditor selected by the Supervisory Board of the Company and the condition that the payment of the Interim Dividend has been approved by the Supervisory Board of the Company.
The Management Board of the Issuer decided that the record date for the Interim Dividend would be 22 December 2022, and the Interim Dividend would be paid on 29 December 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 persons representing the Company:
Dawid Jakubowicz – President of the Management Board
Jarosław Romanowski – Member of the Management Board
