The Management Board of TOYA S.A. in Wrocław (hereinafter referred to as the "Company") informs that on 13 May 2021 it adopted a resolution approving a request 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 2020. Pursuant to the aforementioned resolution, the Management Board requests the General Meeting of TOYA S.A. (hereinafter referred to as the General Meeting) to distribute the net profit for the financial year 2020 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) allocate the amount of PLN 21 762 245.54 (twenty-one million seven hundred sixty-two thousand two hundred forty-five Zloty 54/100) for the payment of dividends to the Company's Shareholders, which is PLN 0.29 (twenty-nine Polish grosz) per share;
b) allocate 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.
The intention of the Management Board is to enable the Shareholders to participate in the profit while ensuring that the TOYA S.A. Capital Group can pursue its development plans. The aforementioned assume working capital requirements due to the continuous expansion of the product range and the need to ensure optimum value of stock levels.
The aforementioned recommendation involves the uncertain macroeconomic situation related to COVID – 19 and the impossibility of estimating the significance of the impact of the pandemic on the Company's future financial position.
Simultaneously, the Management Board of the Company requests the General Meeting to set the dividend date as at 27 July 2021 and the dividend payment date as at 13 August 2021.
The dates requested by the Management Board of the Company regarding the dividend date and the dividend payment date are pursuant to the generally applicable provisions of law in this regard and the Best Practices for GPW Listed Companies 2016. The Management Board of the Company shall ask 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 2020 shall be taken by the General Meeting.
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