Dividend policy of Inter Cars SA for the years 2017-2019.

The Management Board of Inter Cars S.A. (the “Company”) announces that on May 9th 2017 it passed a resolution to approve a dividend policy for 2017−2019. Pursuant to the approved policy, the Management Board, in its profit distribution proposals, will recommend to the Supervisory Board and to the General Meeting payment of dividend from the annual net profit earned by the Company in each of the financial years from 2017 to 2019 in an amount not exceeding 60% of the consolidated net profit of the Inter Cars Group for a given financial year.

The Management Board’s recommendation to distribute the profit for a given financial year, including by payment of dividend up to the amount specified in the approved policy, will also depend on the Company’s investment plans, existing liabilities and covenants (including restrictions under the Company’s financing agreements), and the Management Board’s and Supervisory Board’s assessment of the Company’s prospects in the context of prevailing market conditions.

 

The adopted dividend policy for 2017−2019 upholds the policy currently in place, and in particular it is a continuation of the “Dividend policy of Inter Cars S.A. for 2014−2016” adopted on May 5th 2015.

 

Furthermore, on May 9th 2017, the Company’s Management Board passed a resolution adopting the Management Board’s proposal concerning distribution of profit for 2016, in which the Management Board recommends that out of the total amount of net profit generated in 2016 (i.e. PLN 109,391,890.29), the amount of PLN 10,059,351.00 be allocated to dividend payments (i.e. PLN 0.71 per share), and that the remaining portion (i.e. PLN 99,332,539.29) be contributed to the Company’s statutory reserve funds. The Management Board also decided to propose to the General Meeting that the dividend record date be set on June 30th 2017, and the dividend payment date − on July 14th 2017.

 

Dividend policy of Inter Cars SA for the years 2014-2016.

 

The Management Board, recommending distribution of profit for the years 2014-2016, shall be recommending to the Supervisory Board and the General Shareholders Meeting payment of dividend from generated net profit in each financial year in the amount not higher than 60% of consolidated net profit of Inter Cars SA Capital Group for that particular year. 

 

The proposal of the Management Board on distribution of profit in particular financial year, including pay-out of the dividend in compliance with the rules adapted in dividend policy, shall depend additionally on investment plans of the Company, existing liabilities (including restrictions resulting from conditions of financing used by the Company), and also assessment of perspectives of company development in current market conditions prepared by the board of directors and supervisory board.

 

The content of "Dividend policy of Inter Cars SA. for the years 2014-2016" was announced to the public in the current report No 8/2015 of 5 May 2015. 

 

dividend for the year amount of dividend per share in PLN total amount of dividend dividend record day dividend payment day
2019 - - - -
2018 0,71 10 059 351,00 28.06.2019 12.07.2019
2017 0,71 10 059 351,00 29.06.2018 13.07.2018
2016 0,71 10 059 351,00 30.06.2017 14.07.2017
2015 0,71 10 059 351,00 14.07.2016 28.07.2016
2014 0,71 10 059 351,00 30.06.2015 14.07.2015
2013 0,71 10 059 351,00 30.06.2014 14.07.2014
2012 - - - -
2011 0,30 4 250 430,00 17.07.2012 01.08.2012
2010 - - - -
2009 - - - -
2008 - - - -

 

This webpage uses cookie files in compliance with Cookie Files Policy. Closing this communicate means accepting cookie files at your computer. You can set conditions for storing and access in the settings of your browser. Find out more. Close