The Management Board of "TOYA" S.A. in Wrocław (hereinafter referred to as: the Company) announces that on 23 May 2023 it adopted a resolution on approval of the request of the Management Board to the Annual General Meeting of "TOYA" S.A. regarding the distribution of profit specified in the standalone financial statements of "TOYA" S.A. for the financial year ended on 31 December 2022. Pursuant to the aforementioned resolution, the Management Board requests the Annual General Meeting of "TOYA" S.A. (hereinafter: AGM) to make a distribution of net profit for the financial year 2022 in the amount of PLN 46,068,490.78 (say: forty six million sixty eight thousand four hundred ninety 78/100 PLN) as follows:
• allocate the net profit for the financial year 2022 in the amount of PLN 46,068,490.78 (say: forty-six million sixty-eight thousand four hundred and ninety-eight 78/100 PLN) in its entirety to supplementary capital
The intention of the Management Board of the Company is to enable the TOYA S.A. Capital Group to implement its plans. They assume the need for capital to maintain long-term growth of the Company and the TOYA S.A. Capital Group. The Management Board has also taken into account the liquidity needs of the TOYA S.A. Capital Group, which will depend on the current market conditions, uncertain macroeconomic and geopolitical environment as well as the amount of liabilities from current operations and debt service.
The final decision on the distribution of the Company's profit for the financial year 2022 shall be taken by the AGM.
The Company's Management Board will ask the Company's Supervisory Board 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 ended on 31 December 2022 shall be taken by the AGM.
The report has been prepared under: 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 EU. L. 2014 No. 173, p. 1 as amended).
Grzegorz Pinkosz – President of the Management Board