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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 today, i.e. on 20 March 2018 it adopted a resolution on the basis of its dividend policy of which the Issuer informed in current report no. 127/2017 of 7 December 2017, in accordance with which it recommends to the Ordinary General Meeting of the Issuer to pay dividend in the total amount of PLN 107,413,994.64 (in words: one hundred and seven million four hundred and thirteen thousand nine hundred and ninety four zlotys and sixty four groszes), i.e. in the amount of PLN 0.24 (twenty-four groszes) per share, covering all of the profit generated by the Issuer in the year ended 31 December 2017 in the amount of PLN 100,909,315.22 (one hundred million nine hundred and nine thousand three hundred and fifteen zlotys twenty two groszes) and the amount of PLN 6,504,679.42 (six million five hundred and four thousand and six hundred and seventy nine zlotys forty two groszes) from supplementary capital created from profit 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 2017 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.