Dividend policy

The Management Board of the KBJ S.A. declares, that every year it will present to the Ordinary General Meeting of Shareholders a request to pay the dividend on profit for the previous turnover year.

The planned value of the recommended dividend per one share of stock, subject to the fulfilment of the below listed conditions, shall not be lower than the value of the dividend paid for the previous year. The Management Board of the Issuer will strive for the moderate raise of the dividend paid year after year.

Conditions for payment of the dividend in accordance with the above declaration:

  • The Issuer's revenue from sales in the turnover year, for which the dividend is to be paid, will not be lower than the revenue in the previous year.
  • The Issuer's Net Profit in the year, for which the dividend is to paid, will not be lower than the profit attained in the previous year.
  • Total dividend amount will not be more than half of the Issuer's Net Profit in the turnover year, for which the dividend is to be paid.

The Management Board may refrain from its recommendation to pay the dividend in the above stated value, should there occur extraordinary cash requirements for the purpose of financing of further development or other extraordinary causes. In such case, the Issuer's Management Board will immediately provide the information, in the form of a current report, about the supervening cause.

The Issuer's Management Board brings to attention of the potential and the current shareholders, that the above mentioned declaration concerns only the Issuer's Management Board's recommendation for the Ordinary General Meeting of Shareholders, and herewith reminds, that every time the final decision regarding the payment of a dividend, and of its value, belongs to the Ordinary General Meeting of Shareholders of the KBJ S.A.

published on: 2014-10-16