21 April 2020
Assessment of the Company’s Supervisory Board on the Management Board’s proposal concerning the distribution of profit for 2019 and payment of dividend
Legal basis: Article 17(1) MAR – confidential information
Content of the report:
The Management Board of Ten Square Games S.A. with its seat in Wrocław (hereinafter referred to as “the Company”) informs that on 21 April 2020 The Company’s Supervisory Board adopted a resolution on the evaluation of the Management Board’s motion concerning the distribution of the Company’s profit for the financial year 2019 and presentation of the recommendation to the Ordinary General Meeting of Shareholders.
The Company’s Supervisory Board positively assessed the motion of the Company’s Management Board and recommended to the Ordinary General Meeting of Shareholders that the net profit for the financial year 2019 in the amount of PLN 73,796,395.00 (say: seventy three million seven hundred and ninety-six thousand three hundred and ninety-five zloty) be distributed in the following manner:
1) the amount of PLN 27,371,906.10 (twenty-seven million three hundred and seventy-one thousand nine hundred and six zlotys 10/100) shall be allocated for distribution among the shareholders in the form of dividend payment in the amount of PLN 3.78 (three zlotys and seventy-eight groszy) per share;
2) the amount of PLN 46,424,488.90 (forty-six million four hundred twenty-four thousand four hundred eighty-eight zlotys 90/100) shall be allocated to the Company’s supplementary capital.
The Supervisory Board positively assesses the motion of the Company’s Management Board to set the dividend day as 29.05.2020 and the dividend payment day as 10.06.2020.
The final decision concerning the distribution of profit for the financial year which ended on 31 December 2019 shall be made by the Ordinary General Meeting of the Company.