The Management Board of X-Trade Brokers Dom Maklerski S.A. (“the Company”, “XTB”) hereby announces that on 11 March 2021 it adopted a resolution pursuant to which it will propose to the Supervisory Board and to the Ordinary General Shareholders’ Meeting of the Company the distribution of the Company’s net profit for the year 2020 in the amount of PLN 418 175 946,31 as follows:
a) the payment of dividend in the amount of PLN 210 116 706,65; i.e. PLN 1,79 per share,
b) to retain the remaining part of the Company’s net profit in the amount of PLN 208 059 239,66 at the Company’s disposal, allocating it to reserve capital.
The Management Board of XTB proposes to set the dividend date for 21 April 2021, and the dividend payment date for 30 April 2021.
The recommendation of the Company’s Management Board is in line with XTB’s dividend policy, which provides for recommending to the General Meeting of Shareholders a dividend payment at the level of 50100% of the Company’s standalone net profit for a given financial year, taking into account factors such as the need to ensure an appropriate level of the Company’s capital adequacy ratios and the capital necessary for the Group’s development, as well as bearing in mind the guidelines of the Polish Financial Supervision Authority.
Legal basis: Article 17 section 1 MAR – inside information.
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