Dividend

2021-04-15
AML
0%
60.00 zł
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  • DIVIDEND POLICY

    From 16 July 2018, in the Company applies the Dividend Policy that provides for the payment of dividends at the declared minimum level of 70% of the normalised consolidated net profit.

  • DIVIDEND FOR 2020

    On 23 March 2021, the Management Board of ALUMETAL S.A. adopted a resolution regarding submission to the Supervisory Board and to the Ordinary Annual General Meeting proposal regarding the appropriation of the Company’s net profit for 2020 in the amount of PLN 32 706 592.75 and regarding dividend payment in the total amount of PLN 45 483 885,16 in the following manner:

    • PLN 32. 663 292.75 deriving from the Company's net profit for 2020 and part of the Company's reserve capital in accordance with art. 348 § 1 of the Code of Commercial Companies Code in the amount of PLN 12 820 592.41 for dividend to the Company's shareholders, i.e. in the total amount of PLN 45 483 885.16, i.e. PLN 2,92 per share;
    • PLN 43 300.00 from the Company's net profit for 2020 - to the Company's Social Fund.

    The Management Board recommended setting dividend date at 8 June 2021 and dividend payment date – at 28 June 2021.

  • DIVIDEND FOR 2019

    On 16 March 2020, the Management Board of ALUMETAL S.A., considering the increasing epidemiological threat due to COVID-19 that had a negative impact on the economic situation of the country and entire Europe, adopted a resolution on the intention to submit to the Supervisory Body and Shareholder’s Meeting of Alumetal S.A. an application of the Management Board on the distribution of the net profit of Alumetal S.A. with a recommendation not to pay dividends for 2019, but to create a reserve capital in the amount of 70% of the normalised consolidated net profit of Alumetal Group made in 2019 intended for the payment of future dividends, including advance dividends. In addition, the Management Board planned to recommend in the application that theses funds should be kept in the Company in the case of further unfavourable situation in the next months. Such decision would be a one time waiver from the Dividend Policy. The aim of this measure was to secure the financial situation of the Group related to possible negative impact of further spread of the epidemiological threat.

    On 23 March 2020, the Management Board of ALUMETAL S.A. adopted a resolution on submitting the application to the Supervisory Board, and then to the Shareholder’s Meeting on the distribution of the net profit of ALUMETAL S.A. made in 2019 on the basis of principles mentioned above.

    Given the above, the Management Board of the Company applied for the distribution of the net profit of the Company for the financial year 2019 in the amount of PLN 63,720,898.73 (in words: sixty three million seven hundred twenty thousand eight hundred ninety eight zlotys seventy three groszy) as follows:

    • the amount of PLN 43,806,965.19 (in words: forty three million eight hundred six thousand nine hundred sixty five zlotys nineteen groszy) to create the reserve capital for the payment of future dividends, including advance dividends,
    • the amount of PLN 38,500.00 (in words: thirty eight thousand five hundred zlotys zero groszy) to contribute to the Employee Benefit Fund,
    • the amount of PLN 19,875,433.54 (in words: nineteen million eight hundred seventy five thousand four hundred and thirty three zlotys fifty four groszy) for supplementary capital.

    On 15 April 2020, the Supervisory Board of the Company gave a positive opinion on the application submitted by the Management Board of the Company on the distribution of the net profit for the financial year 2019.

    On 28 August 2020, the Shareholder’s Meeting adopted the distribution of the net profit for 2019 in accordance with the above described principles.

  • DIVIDEND FOR 2018

    On 21 March 2019, the Management Board of ALUMETAL S.A. adopted a resolution regarding submission to the Supervisory Board and to the Ordinary Annual General Meeting proposal regarding the appropriation of the Company’s net profit for 2018 in the amount of PLN 43 916 655.46 (in words: forty three million nine hundred sixteen thousand six hundred fifty five zloty forty six groszy) and regarding dividend payment in the total amount of PLN 63 156 331.44 (in words: sixty three million one hundred fifty six thousand three hundred thirty one zloty forty four groszy) in the following manner:

    • PLN 43 862 155.46 (in words: forty three million eight hundred sixty two thousand one hundred fifty five zloty forty six groszy) deriving from the Company's net profit for 2018 and part of the Company's reserve capital in accordance with art. 348 § 1 of the Code of Commercial Companies Code in the amount of PLN 19 294 175.98 (in words: nineteen million two hundred ninety four thousand one hundred seventy five zloty ninety eight groszy) - dividend to the Company's shareholders, i.e. in the total amount of PLN 63 156 334.44, i.e. PLN 4.08 (in words: four zloty eight groszy) per share;
    • PLN 54 500.00 (in words: fifty four thousand five hundred zloty zero groszy) from the Company's net profit for 2018 - to the Company's Social Fund.

    The Management Board recommended setting dividend date at 7 June 2019 and dividend payment date – at 27 June 2019.

    At its meeting on 17 April 2019, the Company's Supervisory Board approved Management Board’s proposal regarding 2018 profit appropriation and recommended to the General Meeting of the Company the distribution of profit, payment of dividend, setting dividend date and the date of dividend payment as requested by the Management Board.

    The Ordinary Annual General Meeting of the Company at its meeting on 17 May 2019 concurred with the recommendation of the Management Board regarding 2018 profit appropriation and dividend payment.

  • DIVIDEND FOR 2017

    Board and to the Ordinary Annual General Meeting that the net profit of the Company for 2017 is appropriated and dividend of PLN 45 200 119,56 (in words: forty five million two hundred thousand one hundred nineteen zloty fifty six groszy) is paid deriving from the following:

    1. PLN 40,102,179.07 (in words: forty million one hundred two thousand one hundred seventy nine zloty seven groszy) deriving from the Company’s 2017 net profit, and
    2. part of the Company’s reserve capital in accordance with article 348 § 1 of the Code of Commercial Companies in the amount of PLN 5,097,940.49 (in words: five million ninety seven thousand nine hundred forty zloty forty nine groszy).

    The Management Board recommended setting dividend date at 7 June 2018 and dividend payment date – at 29 June 2018.

    Pursuant to the provisions of article 382 § 3 of the Code of Commercial Companies, this proposal was filed with the Supervisory Board of the Company to obtain its opinion. The Supervisory Board of the Company approved Management Board’ proposal regarding 2017 profit appropriation. The Ordinary Annual General Meeting of the Company at its meeting on 23 May 2018 concurred with the recommendation of the Management Board regarding dividend payment in the amount proposed by the Management Board and established dividend date at 7 June 2018 and dividend payment date at 29 June 2018.

  • DIVIDEND FOR 2016

    On 5 April 2017, the Management Board of ALUMETAL S.A. proposed to the Supervisory Board and to the Ordinary Annual General Meeting that the net profit of the Company for 2016 in the amount of PLN 77 453 188.25 (in words: seventy seven million four hundred fifty three thousand one hundred eighty eight zloty twenty five groszy) was appropriated in the following manner:

    • PLN 44 906 621.60 (in words: forty four million nine hundred six thousand six hundred twenty one zloty sixty groszy) – to payment of dividend to the Company’s shareholders i.e. PLN 2.92 (in words: two zloty ninety two groszy) per share,
    • PLN 55 000.00 (in words: fifty five thousand zloty zero groszy) – to transfer to the Company’s Social Fund, 6. the remaining amount of PLN 32 491 566.65 (in words: thirty two million four hundred ninety one thousand five hundred sixty six zloty sixty five groszy) – to transfer to the Company’s reserve capital.

    The Management Board recommended setting dividend date at 24 May 2017 and dividend payment date – at 7 June 2017.

    Pursuant to the provisions of article 382 § 3 of the Code of Commercial Companies, this application was filed with the Supervisory Board of the Company to obtain its opinion. The Supervisory Board of ALUMETAL S.A. Directors’ Report on activities of ALUMETAL S.A. for the year 2017 34 the Company approved Management Board’ proposal regarding 2016 profit appropriation. The Ordinary Annual General Meeting of the Company at its meeting on 16 May 2017 concurred with the recommendation of the Management Board regarding dividend payment in the amount proposed by the Management Board and established dividend date at 24 May 2017 and dividend payment date at 7 June 2017.

  • DIVIDEND FOR 2015

    On 14 March 2016, the Management Board of ALUMETAL S.A. recommended that the Company’s net profit for 2015 in the amount of PLN 56,255,805.90 (in words: fifty six million two hundred fifty five thousand eight hundred five zloty and ninety groszy) was appropriated in the following manner:

    • PLN 38,831,935.50 (in words: thirty eight million eight hundred thirty one thousand nine hundred thirty five zloty and fifty groszy) – to payment of dividend to the Company’s shareholders i.e. PLN 2.55 (in words: two zloty fifty five groszy) per share,
    • PLN 34,200.00 (in words: thirty four thousand two hundred zloty zero groszy) – to transfer to the Company’s Social Fund • the remaining amount of PLN 17,389,670.40 (in words: seventeen million three hundred eighty nine thousand six hundred seventy zloty forty groszy) – to transfer to the Company’s reserve capital.

    The Management Board recommended establishment of dividend date at 20 May 2016 and dividend payment date – at 31 May 2016.

    The Supervisory Board of the Company at its meeting on 15 April 2016 approved the proposal of the Company’s Management Board on the appropriation of profit for 2015 and recommended to the Annual General Meeting appropriation of profit consistently with the Management Board’s proposal. At the same time, the Supervisory Board of the Company recommended to change the date of dividend payment from 31 May 2016, as proposed by the Management Board, to7 June 2016.

    The Annual General Meeting of ALUMETAL S.A. concurred with the recommendation of the Management Board regarding appropriation of the Company’s net profit for 2015 and with the opinion of the Supervisory Board regarding establishment of dividend date at 20 May 2016 and dividend payment date at 7 June 2016.

    Dividend in the amount stated above was paid on 7 June 2016.

  • DIVIDEND FOR 2014

    On 13 April 2015, the Annual General Meeting of ALUMETAL S.A., based on Resolution No. 9, accepted the proposal of the Company’s Management Board regarding appropriation of the Company’s profit for 2014 and for previous years and decided to transfer from the Company’s reserve capital the amount of PLN 27,897,099.59 (in words: twenty seven million eight hundred ninety seven thousand ninety nine zloty fifty nine groszy), deriving from the Company’s prior year profits accumulated in the reserve capital, and appropriate it to the Company’ shareholders, and appropriate the 2014 net profit in the total amount of PLN 1,528,908.41 (in words: one million five hundred twenty eight thousand nine hundred eight zloty forty one groszy) in the following manner:

    •  the amount of PLN 1,503,908.41 (in words: one million five hundred three thousand nine hundred eight zloty forty one groszy) – to the Company’s shareholders;
    • the amount of PLN 25,000.00 zł (in words: twenty five thousand zloty) – to the increase of the Company’s Social Fund.

    Given the above, the Annual General Meeting of ALUMETAL S.A. resolved that the amount of PLN 1 503 908.41 (in words: one million five hundred three thousand nine hundred eight zloty forty one groszy) will be increased by the amount transferred from the reserve capital i.e. PLN 27,897,099.59 zł (twenty seven million eight hundred ninety seven thousand ninety nine zloty fifty nine groszy), and the thus originated total amount of PLN 29,401,008.00 (in words: twenty nine million four hundred one thousand eight zloty) will be appropriated to dividend payment. Dividend per share (calculated based on the number of outstanding shares at the date of said Resolution) amounts to PLN 1.95 (in words: one zloty ninety five groszy). THE ALUMETAL S.A. CAPITAL GROUP Directors’ Report on activities of the ALUMETAL S.A. Capital Group for the year 2015 47 The Annual General Meeting of ALUMETAL S.A. also followed the proposal of the Company’s Management Board as regards dividend date and dividend payment date and set dividend date at 22 April 2015, while dividend payment date - at 29 June 2015.