Following the information published in the current report no 12/2013 dated 25 March 2013 r., the Management Board of TOYA S.A. (“Company”) hereby informs that on 19 April 2013 the Supervisory Board has adopted a resolution concerning the approval of the Dividend Policy adopted by the Management Board of the Company.
According to the adopted resolution, the Management Board of the Parent Company is planning consequent payment of dividend in subsequent years at 40–60% of generated net profit. As the first step, at the next Ordinary General Shareholders’ Meeting, the Management Board intends to present to the General Meeting a proposal of payment of dividend to the shareholders in the amount of 50% of the net profit generated in 2012.
The recommended dividend amount in future years will depend on the current market conditions, perspectives and the needs of funding the Parent Company and Capital Group’s development, and it will take into account maintenance of the appropriate financial liquidity. A decision on the dividend payment will be made on a yearly basis by the Ordinary General Meeting.
Legal basis:
Art. 56 point 1.1 of the Act on Public Offering – confidential information.