The Management Board of Inter Cars S.A. (the “Company”) announces that it was notified today of the resolutions passed by the Company’s Supervisory Board, pursuant to which the Supervisory Board:
- Received and approved the Company’s dividend policy for 2017−2019, adopted by the Management Board under its resolution of May 9th 2017; and
- Received and approved the Management Board’s proposal of May 9th 2017 on allocation of profit for 2016. The Company’s Supervisory Board recommended that the General Meeting pass a resolution on allocation of profit for 2016, whereby out of the total amount of net profit earned in 2016 (i.e. PLN 109,391,890.29), the amount of PLN 10,059,351.00 will be allocated to dividend payments (i.e. PLN 0.71 per share), and that the remaining portion (i.e. PLN 99,332,539.29) will be contributed to the Company’s statutory reserve funds. The Supervisory Board also proposed to the General Meeting that the dividend record date be set for June 30th 2017, and the dividend payment date − for July 14th 2017.
The contents of the dividend policy and the Management Board’s proposal referred to above were published in Report No. 14/2017.
Art. 56.1.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, in conjunction with Section 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.
- Krzysztof Soszyński - Vice President of the Management Board
- Piotr Zamora - Member of the Management Board