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Recommendation not to pay dividend for 2019

  • No. of the report: 13/2020
  • Report date: 28.05.2020 16:41
  • 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”) discloses that on May 28, 2020 it has decided on the recommendation not to pay dividend for 2019 to the PGE’s shareholders. The decision, in accordance with the dividend policy, was taken following the analysis of the overall indebtedness, expected capital expenditures and prospective acquisitions, as well as taking into account market uncertainty resulting from recession caused by the epidemy of SARS-CoV-2 coronavirus.