Develia S.A. Management Board’s Recommendation as to Allocation of Profit for FY 2020

Report number 25/2021

Legal basis: Article 17(1) of MAR - inside information

The Management Board of Develia S.A. (“the Issuer”) inform that today, i.e. on 28 May 2021, they have carried a resolution in line with the adopted dividend policy, about which the Issuer informed in the Current Report no. 127/2017 of 7 December 2017. Pursuant to the said resolution, the Management Board recommend to the Ordinary General Meeting of the Issuer that profit of PLN 140,257,385.18 (say: one hundred forty million two hundred fifty-seven thousand three hundred eighty-five and 18/100)made by Develia S.A. for the financial year ending on 31 December 2020 be allocated as follows:
a)    The sum of PLN 76,084,912.87 (say: seventy-six million eighty-four thousand nine hundred twelve and 87/100) to be distributed among shareholders by the payment of dividend;
b)    The sum of 64,172,472.31 (say: sixty-four million one hundred seventy-two thousand four hundred seventy-two and 31/100) to be allocated to supplementary capital.

The Management Board further propose that the record date be fixed for 06 July 2021, and the dividend payment date for 13 July 2021.

Furthermore, the Issuer’s Management Board inform that the aforesaid proposal will be submitted also to the Supervisory Board for opinion.

According to the Management Board of the Issuer, the aforesaid information constitutes inside information within the meaning of Article 7 of the MAR.

Legal basis: Article 17(1) in conjunction with Article 7(1a), (2), (3) and (4) 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) 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 (“the MAR”) in relation to Article 2 and 3 of the Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council.