The Management Board of Inter Cars S.A. (the “Company”) announces that on 26 April 2024 it resolved to adopt a dividend policy for 2023–2025. Under the policy, the Management Board, when issuing recommendations on the allocation of profits for the financial years 2023–2025, will recommend to the Supervisory Board and the General Meeting payment of dividend from the Company’s net profit for a given financial year in an amount representing up to 60% of the Inter Cars Group’s consolidated net profit for the same year.
The Management Board's recommendation on the allocation of profit for a given financial year, including on the amount of dividend to be paid as per the dividend policy, will also take into account the Company's investment plans, its existing liabilities, commitments and obligations (including covenants under any financing agreements entered into by the Company), and the Management Board's and Supervisory Board's assessment of the Company's prospects in the context of prevailing market conditions.
The dividend policy for 2023–2025 is a continuation of the Company’s previous dividend policies, i.e. the Dividend Policy of Inter Cars S.A. for 2020–2022 of 27 April 2021, Dividend Policy of Inter Cars S.A. for 2017−2019 of 9 May 2017 and Dividend Policy of Inter Cars S.A. for 2014−2016 of 5 May 2015.
The Management Board further announces that on 26 April 2024 it resolved to adopt the Management Board’s recommendation on the allocation of profit for 2023, in which the Management Board recommends that out of the total net profit generated in 2023 (i.e. PLN 361,241,760.18), the amount of PLN 10,059,351.00 be allocated to dividends (PLN 0.71 per share) and the balance of PLN 351,182,409.18 to statutory reserve funds. The Management Board also resolved to propose that the General Meeting set the dividend record date and the dividend payment date for 10 June and 19 June 2024, respectively.
Legal basis:
Art. 17.1 of MAR − Inside information
Art. 17.1 of MAR − Inside information
- Krzysztof Soszyński - Vice President of the Management Board
- Piotr Zamora - Member of the Management Board
