The Management Board of Text S.A. ("Company", "Issuer") informs that on July 24, 2024, the Supervisory Board of the Company decided to positively recommend to the General Meeting the adoption of the Management Board's proposal regarding the distribution of profit for the financial year 2023/24.
According to the adopted resolution, the Supervisory Board proposes the following distribution of the Company's net profit, which amounted to 165,868,993.30 PLN for the financial year 2023/2024, to the Ordinary General Meeting:
- To allocate the amount of 11,883,993.30 PLN to the supplementary capital of the Company.
- To allocate the amount of 153,985,000.00 PLN for the payment of dividends to shareholders, which means that the dividend per share will amount to 5.98 PLN.
- Taking into account the interim dividends for the financial year 2023/2024, namely the advance payment of 41,972,500 PLN paid by the Company based on the Management Board's resolution of December 18, 2023, and the advance payment of 40,942,500 PLN, planned to be paid on July 30, 2024, based on the Management Board's resolution of June 28, 2024, the remaining dividend for the financial year 2023/2024 to be paid to shareholders will be 71,070,000.00 PLN, i.e., 2.76 PLN per share.
- The dividend will cover 25,750,000 shares of the Company. The planned record date for shareholders entitled to the dividend: August 29, 2024. The planned dividend payment date: September 5, 2024.