Current Report No. 23/2017
Belongs to:
- Reports
Date of preparation: 30 May 2017
Subject: Opinion of the ENERGA SA Supervisory Board on distribution of the Company’s net profit for the financial year 2016
Legal basis: Article 17 Section 1 of the Market Abuse Regulation – confidential information
The Management Board of ENERGA SA (“Company”) hereby reports that on 29 May 2017, the Company’s Supervisory Board issued a positive opinion on the Company Management Board’s recommendation on distribution of the Company’s net profit earned in 2016. According to information in Current Report 22/2017 the Management Board recommended the following distribution of the 2016 net profit of PLN 783,542,643.96:
1) payment of a dividend to shareholders in the amount of PLN 78,672,751.66, i.e. PLN 0.19 per share (10% of profit),
2) designation of profit in the amount of PLN 704,869,892.30 to supplementary capital (90% of profit).
The Management Board’s recommendation along with the opinion of the Supervisory Board will be submitted to the General Meeting, which will make the final decision on the distribution of the Company’s 2016 net profit.