Recommendation of Management Board of LC Corp S.A. on Payment of Dividend
Legal basis: Article 17(1) of MAR - inside information
The Management Board of LC Corp S.A. (“the Issuer”) informs that today, i.e. on 15 May 2019, 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 resolution, the Management Board recommends to the Ordinary General Meeting of the Issuer the payment of dividend in the total amount of PLN 120,840,743.97 (say: one hundred and twenty million eight hundred and forty thousand seven hundred and forty-three Polish Zlotys and ninety-seven Groszy, i.e. in the amount of PLN 0.27 (say: twenty-seven Groszy) per share, which corresponds to the total profit of PLN 118,661,117.70 (say: one hundred and eighteen million six hundred sixty-one thousand one hundred and seventeen Polish Zlotys and seventy Groszy) earned by the Issuer in the year ended 31 December 2018 and the amount of PLN 2,179,626.27 (say: two million one hundred and seventy-nine thousand six hundred and twenty-six Polish Zlotys and twenty-seven Groszy) originating from the supplementary capital comprising previous years’ profit. The Management Board further proposes that the record date be fixed for 19 August 2019, and the dividend payment date for 30 August 2019.
In addition, the Management Board of the Issuer informs that the foregoing proposal has received Supervisory Board’s approval today, and therefore the Management Board desires to put forward this proposal for the allocation of 2018 profit and the payment of dividend to the Ordinary General Meeting of the Issuer.
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.
