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Proposal of the Management Board of PGE Polska Grupa Energetyczna S.A. regarding distribution of profit for 2010 and retained earnings

  • No. of the report: 16/2011
  • Report date: 21.03.2011
  • Report legal ground: Art. 56 section 1 p. 1 of Act on Public Offering – confidential information

Contents of the report

The Management Board of PGE Polska Grupa Energetyczna S.A. (the “Company”) informs that on March 21, 2011 it decided to address the Company’s Annual General Meeting with a motion for approval of suggested distribution of net profit for 2010 and retained earnings.

The Management Board of the Company decided to propose a distribution of the net profit for 2010 in amount of PLN 2,920,423,465.45 and retained earnings in amount of PLN 120,474,499.24 in a following way:

1) for a dividend for shareholders - PLN 0.65 per share;

2) for the reserve capital – an amount constituting the remaining amount of the net profit for 2010 and retained earnings.

Legal ground: Art. 56 section 1 point 1 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (tj. Dziennik Ustaw 2009, no 185 item 1439).
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