The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces that on 11 May 2023 it adopted a resolution in respect of which it will submit a proposal to the Ordinary General Meeting of KGHM Polska Miedź S.A. to adopt a resolution on the appropriation of profit for 2022, in the amount of PLN 3 533 251 587.17, by:
- paying out a dividend in the amount of PLN 200 000 000.00 (PLN 1.00 per share),- transferring the amount of PLN 3 333 251 587.17 to the Company’s reserve capital.
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 27 July 2023 and the dividend payment date at 10 August 2023.
The amount of recommended dividend is a result of the assessment of capital needs associated with the realisation of the Strategy, including planned expenditures on Resource Base Development projects and energy transformation while simultaneously maintaining the safe level of debt of the KGHM Polska Miedź S.A. Group.
The above proposal of the Management Board was positively reviewed by the Supervisory Board of KGHM Polska Miedź S.A.
The final decision regarding the appropriation of KGHM Polska Miedź S.A.’s profit for 2022 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).