The Management Board of Orzeł Biały S.A. (hereinafter the “Company”) announces that on 26.08.2014 the Supervisory Board of Orzeł Biały S.A. together with Management Board after making a review and revise of current dividend policy (in force in 2011-2013), approved dividend policy of the Company for the financial years 2014-2016 based on the following principles:
a) The Company intends to continue paying regular dividends to its shareholders.
b) Due to the completing this year an ambitious investment plan for the years 2011-2013 as well as due to the current market situation the Management Board intends to recommend to the General Meeting a dividend payment of up to 35% of net profit for the given financial year.
c) The Supervisory Board and the Management Board have an intention to review and revise the dividend policy of the Company after 2016.
d) In exceptional cases the Management Board may make changes in the above-described rules.
Legal basis:
RMF GPW § 38 section 1 item 11