Develia S.A. Management Board’s Recommendation as to Allocation of Profit for FY 2023

Report number 24/2024

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

The Management Board of Develia S.A. (“the Issuer”) inform that today, i.e. on 16 April 2024, 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 410,303,231.49 (say: four hundred and ten million three hundred and three thousand two hundred thirty-one and 49/100 zloty) made by Develia S.A. for the financial year ending on 31 December 2023 be allocated as follows:

– The sum of PLN 219,394,096.34 (say: two hundred nineteen million three hundred ninety-four thousand ninety-six and 34/100 zloty) to be distributed among shareholders by the payment of dividend;

– The sum of PLN 190,909,135.15 (say: one hundred ninety million nine hundred and nine thousand one hundred thirty-five and 15/100 zloty) to be allocated to supplementary capital.

At the same time, the Company’s Management Board suggest that the Ordinary General Meeting of the Issuer pay a dividend in the total amount of PLN 226,140,099.50 (say: two hundred twenty-six million one hundred forty thousand ninety-nine and 50/100 zloty), which includes a portion of profit for the financial year 2023 designated for the payment of dividend of PLN 219,394,096.34 (say: two hundred nineteen million three hundred ninety-four thousand ninety-six and 34/100 zloty), plus a sum of PLN 6,746,003.16 (say: six million seven hundred forty-six thousand three and 16/100 zloty) which was transferred from the reserve funds provided from the 2019 profit designated for the payment of dividend and advances on dividends in the future and which was allocated for dividend payment.

The Management Board further propose that the record date be fixed for 17 June 2024, and the dividend payment date for 05 July 2024 (a sum of PLN 113,070,049.75) and 06 September 2024 (a sum of PLN 113,070,049.75).

Furthermore, the Issuer’s Management Board inform that the aforesaid proposal was submitted also to the Supervisory Board for opinion and received an approval.

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 conjunction with 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.