The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces that on 8 May 2024 it adopted a resolution in respect of which it recommends the Ordinary General Meeting of KGHM Polska Miedź S.A. to cover the loss for 2023 in the amount of PLN 1 153 112 535.90 from the reserve capital of the Company and to pay out a dividend in the amount of PLN 300 000 000.00 (PLN 1.50 per share) from the Company’s reserve capital, from prior profit.
Moreover, the Management Board of KGHM Polska Miedź S.A. proposes that the Ordinary General Meeting of KGHM Polska Miedź S.A. set the dividend date at 28 June 2024 and the dividend payment date at 16 July 2024.
In developing its recommendation, the Management Board of the Company mainly took into consideration the financial condition of the KGHM Polska Miedź S.A. Group.
The above recommendation of the Management Board was positively reviewed by the Supervisory Board of KGHM Polska Miedź S.A.
The final decision on covering the loss for 2023 and dividend payout will be made by the Ordinary General Meeting of KGHM Polska Miedź S.A.
Legal basis: Art. 17 (1) of MAR (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 dated 12 June 2014, no. L 173/1).