Recommendation of the Management Board concerning dividend payment
12-05-2010
Regulatory filing
The Management Board of Agora SA ("the Company", "Agora") shall recommend to the General Meeting of Shareholders payment of dividend for the fiscal year 2009 in the amount of PLN 0.50 per share (say: fifty Polish groszy).
The proposed dividend day is July 15, 2010 and the proposed distribution date August 3, 2010.
In the opinion of the Company's governing bodies, Company's financial results for the fiscal year 2009, allow for the dividend payment in the amount of PLN 0.50 per share (say: fifty Polish groszy).
The above recommendation is consistent with the dividend policy announced by the Company on February 14, 2005 and is based on the analyses of Agora's financial situation and its balance sheet structure in the context of the Company's main objectives for the coming years, including further development projects.
The above recommendation received a positive opinion of the Supervisory Board.
Since the day Agora's policy for returning profits to shareholders was announced on February 14, 2005, Agora paid dividend four times (in total PLN 165,8 million) and executed three buy - back programs (total cost of buy - back programs till the day of publication of this report: PLN 210 million).
