RB: 52/2022
Date: 15 December 2022
Dividend Policy of Benefit Systems S.A. for years 2023 - 2025 and the withdrawal from the current dividend policy
Legal basis: Art. 17 item 1 of MAR – inside information

Text of the report:

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the "Company") hereby informs that on 15 December 2022, the Management Board has made a decision to withdraw from the  application of the existing "Dividend Policy for years 2020-2023", the adoption of which was announced by the Company in Report No. 44/2019 dated 9 December 2019, and adopted in its place a new dividend policy for years 2023 - 2025 (hereinafter, the "Dividend Policy"), with the following wording:

Dividend Policy for years 2023-2025

In each year that the Dividend Policy is in effect, the Company's management board will recommend to the general meeting that a dividend of at least 60% of the consolidated net income of the Company's group for the preceding fiscal year be paid, excluding positive or negative unrealized foreign exchange differences recognized during the period. The recommendation of the management board referred to above will take into account the financial and liquidity situation, development prospects and investment needs of the Company and the Company's capital group.

The Dividend Policy will be subject to periodic review.

The Dividend Policy is effective and applicable starting from the distribution of profit for the fiscal year ending on 31 December 2022. The Dividend Policy was approved by the Company's supervisory board on 15 December 2022.