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Recommendation not to pay dividend for 2020

  • No. of the report: 12/2021
  • Report date: 27.04.2021 14:29
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, the “Company”) discloses that on April 27, 2021 it has decided on the recommendation not to pay dividend for 2020 to the PGE’s shareholders. Decision was taken in accordance with the dividend policy, particularly following the analysis of the Company’s indebtedness in the context of the implementation of the investment program, in line with the assumptions of the PGE Group’s Strategy until 2030 announced on October 19, 2020 (current report no. 29/2020 dated October 19, 2020).