The Management Board of TOYA S.A. informs that the Supervisory Board, acting pursuant to Art. 382 § 3 of the Act of 15 September 2000. Code of Commercial Companies and Partnerships (Journal of Laws of 2019, item 505 as amended) on 25 May 2021 evaluated the request of the Management Board of TOYA S.A. regarding the distribution of profit recognised in the standalone financial statements of TOYA S.A. for the financial year ended on 31 December 2020.
In the scope of this evaluation, the Supervisory Board negatively evaluated:
1. the request of the Management Board concerning distribution of profit in the amount of PLN 54 739 642.99 (say: fifty-four million seven hundred thirty-nine thousand six hundred forty-two Zloty 99/100) in the following manner:
a) allocation of the amount of PLN 21 762 245.54 (say: twenty-one million seven hundred sixty-two thousand two hundred forty-five Zloty 54/100) for the payment of dividend to the Company’s Shareholders, which forms PLN 0.29 (twenty-nine Polish grosz) per share;
b) allocation of the remaining amount of PLN 32 977 397.45 (say: thirty-two million nine hundred seventy-seven thousand three hundred ninety-seven Zloty 45/100) to the supplementary capital.
2. the proposal of a dividend date, i.e. 27 July 2021 and a dividend payment date, i.e. 13 August 2021.
Due to the aforementioned, the Supervisory Board does not recommend to the Annual General Meeting to distribute the profit of TOYA S.A. in the manner specified in the request of the Management Board.
The report was prepared pursuant to: Art. 17 section 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 Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ L of 2014 No. 173, p. 1, as amended).
Grzegorz Pinkosz
President of the Management Board