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Recommendation not to pay dividend for 2019

13/2020

28.05.2020 14:41

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.

Signatures of persons representing the company

Date Name Position and function
2020-05-28 16:41:43 Paweł Strączyński Vice-President of the Management Board
2020-05-28 16:41:43 Ryszard Wasiłek Vice-President of the Management Board