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Summary of Agora Group's ESG activities in 2023


Summary of Agora Group's ESG activities in 2023


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Company data

Czerska 8/10 Street
00-732 Warszawa

AGO -0,37%
mWIG40 -1,66%

Regon: 11559486
Numer KRS: 59944
NIP: 526-030-56-44


April 24, 2020 / 13:34

16/2020 Recommendation of the Management Board of Agora S.A. on the distribution of the Company's net profit for 2019

Regulatory filing

The Management Board of Agora S.A. with its registered office in Warsaw ("Company", "Agora"), with reference to the report No. 10/2020 of March 23, 2020 regarding the negative impact of a pandemic on the results of the Agora Group, adopted a resolution on  submitting a proposal to the Annual General Meeting regarding the allocation of profit, disclosed in the Company's financial statements for 2019 in the amount of  20 114 682.14 PLN (in words: twenty million one hundred fourteen thousand six hundred eighty two zlotys fourteen groszy), in full to the Company's reserve capital.

The above proposal constitutes a departure from Agora's dividend policy announced on February 14, 2005. The withdrawal from the dividend policy is associated with the economic uncertainty caused by the COVID-19 coronavirus epidemic.

The above decision was approved by the members of the Supervisory Board.

The impact of the global COVID-19 pandemic may also carry additional risks for the Company's operations, the potential scale of which is currently not possible to accurately estimate and remains beyond the real influence or control on the part of Agora and its capital group. This situation may also affect the liquidity problems of Agora's counterparties. In these circumstances, the Management Board of Agora found it justified to recommend retaining all profit for 2019 in order to strengthen the financial position of the Group.

Legal basis: Article 17 §1 and 4 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.






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