The Management Board of TOYA S.A. in Wrocław (hereinafter referred to as the: “Company”) announces that on 23 May 2022 it adopted a resolution on approval of the proposal of the Management Board to the General Meeting of TOYA S.A. regarding distribution of profit specified in the standalone financial statements of TOYA S.A. for the financial year ended on 31 December 2021. Pursuant to the aforementioned resolution, the Management Board proposes to the General Meeting of TOYA S.A. (hereinafter referred to as the: AGM) to make a distribution of net profit for the financial year 2021 in the amount of PLN 63 242 823.69 (say: sixty three million two hundred forty-two thousand eight hundred twenty-three 69/100 Zloty) as follows:
a) allocate the amount of PLN 24 763 934.58 (say: twenty-four million seven hundred sixty-three thousand nine hundred thirty-four 58/100 Zloty) for the payment of dividends to the Company’s Shareholders, which is PLN 0.33 (thirty-three Polish grosz) per share;
b) allocate the remaining amount of PLN 38 478 889.11 (say: thirty-eight million four hundred seventy-eight thousand eight hundred eighty-nine 11/100 Zloty) for supplementary capital.
The intention of the Management Board of the Company is to ensure profit sharing for the Shareholders while enabling the Capital Group of TOYA S.A. to implement its development plans. These assume the need for working capital to maintain optimum stock levels while constantly expanding the product range.
The aforementioned recommendation takes into account a difficult to estimate impact of the conflict in Ukraine on the macroeconomic environment, market situation and financial standing of TOYA S.A.
The Management Board of TOYA S.A. shall also request the AGM to set the dividend date on 27 September 2022 and the dividend payment date on 10 October 2022.
The dates of the dividend day and dividend payment date requested by the Management Board of the Company are compliant with the applicable legal regulations.
The Management Board of the Company shall request the Supervisory Board of the Company to give its opinion on the proposal of the Management Board.
The final decision on the distribution of the Company’s profit for the financial year 2021 will be taken by the AGM.
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 (Official Journal of the European Union. L. of 2014, No. 173, p. 1, as amended).
Grzegorz Pinkosz ─ President of the Management Board