The Management Board of X-Trade Brokers Dom Maklerski S.A. (the „Issuer”, ”Company”, “XTB”) hereby announces that on 29 December 2020 it received permission from the Polish Financial Supervision Authority (“KNF”, the “Commission”) to include to Tier 1 capital a part of net profit for the first half of 2020 amounting to PLN 78.0 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 2020 to keep at the disposal of the Company a part of the net profit generated by the Company in the first half of 2020 in the amount of PLN 78.0 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. 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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