Acting pursuant to Par. 38.1.11 of the Minister of Finance's Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009 (Dz. U. of 2009, No. 33, item 259), the Management Board of Inter Cars S.A. hereby publishes the decision adopted by the Supervisory Board on April 26th 2011 concerning the proposed distribution of net profit for 2010.
Having considered the Management Board’s proposal regarding the distribution of the 2010 net profit and having reviewed the Directors' Report and financial statements (along with the auditor’s opinion) for 2010, as well as information obtained by the Supervisory Board while performing its duties defined in the Articles of Association, the Supervisory Board of Inter Cars S.A. has resolved to issue a positive opinion on the Management Board’s proposal concerning the distribution of net profit, whereby it is to be allocated in whole (PLN 46,004 thousand) to statutory reserve funds.
The proposal will be submitted for consideration to the Annual General Shareholders Meeting on May 11th 2011.
- Piotr Kraska - Member of the Management Board
- Paweł Pietrzak - Plenipotentiary