The Management Board of Inter Cars S.A. (the “Issuer”, the “Company”) reports that on February 28th 2014 it resolved to recommend that dividend for 2013 be paid in the amount of PLN 10m.
The reason behind the proposed amount of dividend is the planned investment in the Logistics and Warehouse Centre. The total cost of the project is PLN 155m, of which PLN 120m will be spent in 2014 and 2015. The objective is to construct a new central warehouse for the Inter Cars Group, to be located in the municipality of Zakroczym. Pursuant to Art. 382.3 of the Commercial Companies Code, the Management Board will prepare a relevant proposal, which will then be submitted to the Issuer's Supervisory Board for review. A final decision on the matter will be made by the Company's Annual General Meeting.
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.
- Krzysztof Soszyński - Vice-President of the Management Board
- Piotr Zamora - Commercial proxy