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Recommendation of the Management Board on the distribution of profit for the FY 2022/2023

Management Board of LiveChat Software S.A. (“Company”) informs that on July 3, 2023 it adopted a resolution regarding the distribution of net profit for the financial year from April 1, 2022 to March 31, 2023.

Pursuant to it, Management Board will propose to the Ordinary General Meeting the following distribution of LiveChat Software S.A. standalone profit, which amounted to 171,724,361.09 PLN in the financial year 2022/2023:

  • to allocate PLN 18,511,861.09 to top up the reserve capital
  • to allocate PLN 153,212,500.00 for the payment of dividends to shareholders; which means that the value of the dividend per share will be PLN 5.95
  • taking into account advance payments for dividends for the financial year 2022/2023, i.e., advance payments in the amount of PLN 37.595.000,00, paid by the Company pursuant to the resolution of the Management Board of November 30, 2022, and advance payments in the amount of PLN 37.595.000,00, which will be paid onAugust 4, 2023,based on the resolution of the Management Board of 3.07.2023, the outstanding dividend for the financial year 2022/2023 will be paid to shareholders in the total amount of PLN 78.022.500,00, i.e., PLN 3.03 per share.
  • The dividend will be distributed among 25,750,000 shares of the Company.

The Management Board recommends setting the Dividend Day onAugust 25, 2023and the payment date onSeptember 1, 2023.

The Management Board upholds the dividend policy, which assumes allocating the highest possible part of the profit to payment to shareholders unless there are investment opportunities that would provide the Company and shareholders with a higher rate of return than the dividend payment. As in the previous years, the above recommendation of profit distribution results from the provisions of the Code of Commercial Companies (CCC), according to which: “In the event that the costs of development works classified as company assets have not been written off completely, no profit may be distributed corresponding to the equivalent of the amount of unwritten work costs development, unless the amount of reserve and supplementary capital available for distribution and profits from previous years is at least equal to the amount of non-written costs.”