Budimex.pl

Current report no 27 / 2020

Date: May 11, 2020 5:49 PM

Recommendation on dividend payment for 2019

The Management Board of Budimex S.A. would like to announce that it has recommended to the Annual General Meeting in 2020 to take a decision on dividend payment in the amount of PLN 4.56 (say: four zlotys, fifty-six groszy) gross per share.

 

It proposed allocating an amount representing approximately 50% of the net profit for the period from 1 January 2019 to 31 December 2019 for the dividend payment. At the same time, the Management Board recommended allocating the remaining part of the net profit for the period from 1 January 2019 to 31 December 2019 to a capital reserve created by the Annual General Meeting for the payment of dividends or payment of interim dividends by the Management Board. Any decisions on the use of funds accumulated in the capital reserve shall be taken by the competent bodies of the Company.

 

The recommendation of the Management Board for the payment of a dividend of half of the profit for 2019 takes into account the current difficult situation on the market, and particularly the potential impact of the COVID-19 epidemic on the construction market and thus on the Company's financial standing and operations in the long term.

 

It is recommended that the dividend be paid in respect of all shares of Budimex S.A., i.e. 25,530,098 (say: twenty-five million five hundred thirty thousand ninety-eight) shares.

               

The Management Board of Budimex S.A. recommends that the dividend day, i.e. the day of determining the list of shareholders eligible to dividend for 2019, be 1 July 2020, and the dividend payment day fall on 14 July 2020.

Shareholders
( more )

Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
I understand

This site uses cookies, so that might work better. Read about cookies at Website Privacy Policy