Czerska 8/10 Street
Numer KRS: 59944
May 14, 2019 / 16:38
The Management Board of Agora SA with its registered seat in Warsaw ("Agora", "Company") hereby informs about adoption of the resolution on May 14, 2019 to recommend to the General Meeting of Shareholders payment of dividend in the amount of PLN 23 290 415.50 (PLN 0.50 per one share).
The dividend will be paid in part from the net profit for the financial year 2018, and in part from the supplementary capital of the Company.
The proposed dividend day is July 12, 2019, and the proposed distribution date – August 1, 2019.
The proposed period between the date of setting the right to dividend and the date of payment of the dividend does not exceed the period of 15 working days, as recommended by the Best Practices of companies listed on the Warsaw Stock Exchange.
The above recommendation of the Company's Management Board 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.
In the opinion of the Company's governing bodies, Company's financial results for the fiscal year 2018, allow for the dividend payment for financial year 2018 in the amount of PLN 0.50 per share.
The above application received a positive opinion of the Supervisory Board. The recommendation of the Company's Management Board will be presented to the General Meeting of Shareholders of the Company, which will make the final decision on these matters.
Legal basis: Article 17, paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission directive 2003/124/EC, 2003/125/EC and 2004/72/EC.