Current Report No. 16/2018
Belongs to:
- Reports
Date of preparation: 16 May 2018
Subject: ENERGA SA Management Board’s recommendation on the dividend payment
Legal basis: Article 17(1) of the Market Abuse Regulation – confidential information
The Management Board of ENERGA SA (“Company”) hereby reports that on 16 May 2018 it decided not to recommend to the General Meeting of ENERGA SA payment of dividend for the financial year ended 31 December 2017. The entire net profit for 2017 amounting to PLN 106,601,622.10 will be transferred to the supplementary capital.
The above decision is reasoned by the implementation of the “Strategy of the ENERGA Group for 2016-2025” (“Strategy”) adopted on 15 November 2016 (Current Report No. 40/2016), pursuant to which the dividend payment policy is adapted to the financial needs of the investment process.
However, the Management Board does not rule out the possibility of reverting to payment of dividend to the shareholders which level will be determined by the implementation of the Strategy.