The Management Board of X-Trade Brokers Dom Maklerski S.A. (“the Company”, “XTB”) hereby announces that on 26 October 2018 adopted conditional resolution regarding the advance payment of dividend to Company’s shareholders for financial year 2018 (“Advance”).
Total amount of advance payment of dividend amounts to PLN 41 084 272,25, ie PLN 0,35 per share and the advance payment will cover all shares of the Company. Pursuant to Article 349 §2 of the Code of Commercial Companies the amount of the prepayment shall represent no more than one-half of the profit earned since the end of the preceding financial year, as shown in the financial statements verified by the certified auditor prepared as at 30 September 2018 and covering the period from 1 January 2018 to 30 September 2018, increased by reserve capital established from profit, which the management board may allocate for advances and decreased by unabsorbed losses and own shares.
Pursuant to the proposal of the Management Board of the Company, shareholders holding shares of the Company on 11 December 2018 will be entitled to Advance , while the Advance payment will be made on 18 December 2018.
The Advance will be paid provided that by 4 December 2018, the following conditions will be met:
(a) The Company will obtain the consent of the Supervisory Board for the payment of the Advance,
(b) The audit of the Company’s financial statements for the period from 1 January 2018 to 30 September 2018 will be finalized and it will confirm the assumed net profit of the Company achieved from the end of the previous financial year.
Legal basis: Article 17 paragraph 1 MAR – inside information.
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