2015-04-29 22:27:22

Proposal of the WSE Management Board to the WSE Supervisory Board to provide opinion regarding proposed distribution of profit for 2014

Proposal of the WSE Management Board to the WSE Supervisory Board to provide opinion regarding proposed distribution of profit for 2014

Current Report No. 5/2015

Date: 29 April 2015
Topic: Proposal of the WSE Management Board to the WSE Supervisory Board to provide opinion regarding proposed distribution of profit for 2014
Legal basis: Article 56.1 (2) of the Act on Offering - current and periodic information

Content:
The Management Board of the Warsaw Stock Exchange ("WSE", "Company") reports that it intends to seek the opinion of the WSE Supervisory Board on a profit distribution proposal for the financial year 2014, which provides for the payment of dividend of PLN 100,732,800.00 (in words: one hundred million seven hundred thirty two thousand eight hundred zlotys), which is equivalent to PLN 2.40 (in words: two zlotys forty grosz) per share and represents 89.9% of the consolidated net profit of the Company for the financial year 2014, attributable to the shareholders of WSE.

The WSE Management Board proposal for dividend payment is consistent with the dividend policy of the Company, assuming a dividend payment at a level exceeding 60% of the consolidated net profit of the WSE Group for the financial year attributable to the shareholders of WSE, adjusted for the share of profit of associates.

Decisions concerning profit distribution and dividend payments fall within the exclusive competence of the General Shareholders Meeting.

Legal basis: § 38.1(11) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognised as equivalent.

Signatures of authorised representatives of the Company:
Paweł Tamborski - President of the Management Board
Karol Półtorak - Vicepresident of the Management Board

distributed by