Dividend policy

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"), which was approved by the Company's Supervisory Board, 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 and is effective and applicable starting from the distribution of profit for the fiscal year ending on 31 December 2022.

 

Previously biding Dividend Policy for years 2020-2023

In each year of the Dividend Policy, the Management Board will recommend it to the General Meeting to pay out a dividend with the value representing at least 50% of the consolidated net profit of the capital group of the Company for the preceding financial year. The Management Board’s recommendation will take into account the financial and liquidity situation, the development prospects and investment needs of the Company and of the capital group of the Company.

The history of Benefit Systems dividends

The dividend from the profit for the year Consolidated net profit (thousands of zloty) Profit allocated on the payment of a dividend (thousands of zloty) Share profit allocated on the payment of a dividend (%) Dividend value per share (PLN) Date of granting the dividend right Dividend payment date
2011 37,302 14,429 39% 6,0 2012-06-20 2012-08-24
2012 29,115 18,036 62% 6,7 2013-07-18 2013-09-25
2013 25,734 19,889 77% 8,0 2014-08-29 2014-09-18
2014 38,547 22,994 60% 9,0 2015-07-24 2015-08-14
2015 48,659 27,500* 57%    *      *      *
2016 75,593 42,420* 56%    *      *      *
2017 86,708 51,000* 59%    *      *      *
2018 116,190 57,000* 49%    *      *      *
2019 107,022 0 - - - -
2020 -98,692 0 - - - -
2021 -23,855 0 - - - -
2022 139,077 120,275 86% 41,0 2023-09-15 2023-09-29

* Purchase of own shares at a premium in accordance with the aforementioned Dividend Policy