The Management Board of X-Trade Brokers Dom Maklerski S.A. (the „Issuer”, ”Company”, “XTB”) hereby announces that on 28 November 2017 received an approval from the Polish Financial Supervision Authority (“KNF”, the “Commission”) to include to Tier 1 capital a net profit for the first half of 2017 amounting to approximately PLN 24.5 million. On receipt of the above mentioned The Management Board of the Company recommends the Supervisory Board and the Ordinary General Meeting approving the financial statements for the financial year 2017 to keep at the disposal of the Company the net profit generated by the Company in the first half of 2017 in the amount of approximately PLN 24.5 million, allocating it entirely to reserve capital. As a result of the recommended actions, the capital base will increase and the Company’s capital ratios will increase, which, in the opinion of the Management Board, will facilitate the implementation of the Company’s strategy, particularly in terms of expanding its business to new markets and developing the institutional segment. The Management Board’s recommendation is also based on an increase in the value of capital buffers as of 1 January 2018. At the same time, the Company informs that in connection with obtaining the consent of the Commission, the recommendation of the Management Board was approved by the Supervisory Board.
Legal basis: Article 17 paragraph 1 MAR – inside information.
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