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Recommendation of the Management Board of LC Corp S.A. regarding the payment of dividend


The Management Board of LC Corp S.A. (the “Issuer”) reports that on this day, i.e. 21 March 2017, it adopted a resolution pursuant to which it recommends to the Ordinary General Meeting of the Issuer to pay dividend in the total amount of PLN 31,329,081.77, i.e. in the amount of PLN 0.07 (in words: seven grosz) per one share, covering the entire profit generated by the Issuer in the year ended on 31 December 2016 in the amount of PLN 31,217,938.75 and the amount of PLN 111,143.02 from reserve capital created from the profits from previous years.

The Management Board of the Issuer also reports that it intends to request the Supervisory Board of the Issuer to recommend to the Ordinary General Meeting of the Issuer to allocate the profit from 2016 and pay dividend in accordance with the recommendation of the Management Board of the Issuer, whereas the payment of dividend is dependent on its approval by the Ordinary General Meeting of the Issuer.

Legal basis: Art. 56.1 2) of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading and on Public Companies and § 38.1 11) of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognising as equivalent the information required by the laws of a non-member state.