The Management Board of TOYA S.A. with its registered office in Wrocław (hereinafter: the Company) informs that on July 13, 2020, it adopted a resolution on accepting the Management Board’s proposal to the General Meeting of TOYA S.A. on distribution of the profit indicated in the standalone financial statements of TOYA S.A. for the financial year ended December 31, 2019. In accordance with the above resolution, the Management Board proposes the General Meeting of Shareholders of TOYA S.A. (hereinafter: GMS) to distribute the net profit for the financial year 2019 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, PLN 88 (in words: twenty-eight million five hundred and sixteen thousand and 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 (in words: eleven million five hundred sixty nine thousand ninety one PLN 85/100) to the supplementary capital The amount of the requested dividend takes into account the current financial situation and the fact that the amount of PLN 15 705 000.00 (in words: fifteen million seven hundred five thousand PLN 00/100) accumulated on the reserve capital for the purpose of acquiring TOYA S.A. own shares is not used, which amount should be allocated for reserve capital. The intention of the Management Board of the Company is to enable the Shareholders to participate in the profit while ensuring that the TOYA S.A. Capital Group the possibility of implementing investment plans. In addition, the development plans of the TOYA S.A. Capital Group assume the need for working capital in connection with the constant expansion of the product range and ensuring the optimal value of warehouse stocks. The above recommendation takes into account the uncertain macroeconomic situation related to COVID – 19 and the inability to estimate the extent of the impact of the pandemic on the future financial situation of the Company. At the same time, the Management Board of the Company requests the General Meeting of Shareholders to designate the dividend day for November 24, 2020. and the dividend payment date on December 14, 2020. The dates proposed by the Management Board of the Company regarding the dividend date and the dividend payment date comply with generally applicable laws in this regard and the Best Practices of WSE Listed Companies 2016. The Management Board of the Company will request the Supervisory Board of the Company to give its opinion on the Management Board’s request. The final decision on the distribution of the Company’s profit for the financial year 2019 will be made by the Annual General Meeting of Shareholders.
The report was prepared on the basis of: Article 17 (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 (Journal of Laws of the EU. No. of 2014, No. 173, p. 1, as amended)
Grzegorz Pinkosz – President of the Management Board