TOYA S.A. Management Board informs that the Supervisory Board, acting pursuant to Art. 382 § 3 of the Act of September 15, 2000, Code of Commercial Companies (Journal of Laws of 2019, item 505, as amended), on July 20, 2020, assessed the proposal of the Management Board of the company under the name: TOYA S.A. concerning the distribution of profit shown in the standalone financial statements of TOYA S.A. for the financial year ended on December 31, 2019.
As part of this assessment, the Supervisory Board assesses positively:
1. the Management Board’s proposal regarding the distribution of profit in the amount of PLN 40,085 137.73 (in words: forty million eighty-five thousand one hundred and thirty-seven PLN 73/100) as follows:
a) allocate the amount of PLN 28 516 045.88 (say: twenty eight million five hundred sixteen thousand forty five PLN 88/100) for the payment of dividends to the Company’s Shareholders, which is PLN 0.38 (thirty eight groszy) per share;
b) allocate the remaining amount of PLN 11,569,091.85 (say: eleven million five hundred sixty nine thousand ninety one PLN 85/100) to reserve capital
2. proposed dividend day, i.e. November 24, 2020 and the dividend payment date, i.e. December 14, 2020.
The report was prepared on the basis of: Article 17 par. 1 of the 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 (Journal of Laws UE. L. of 2014. No. 173, p. 1, as amended).
Grzegorz Pinkosz
President of the Management Board