17 May 2023
The Management Board of Ten Square Games S.A. with its registered office in Wrocław (“the Company”) informs that on May 17, 2023 The Supervisory Board of the Company adopted a resolution on the assessment of the Management Board’s motion regarding the distribution of the Company’s profit for the financial year 2022 and presenting the recommendation regarding that motion to the Ordinary General Meeting of Shareholders.
The Supervisory Board of the Company positively assessed the motion of the Company’s Management Board and recommended to the Ordinary General Meeting of Shareholders of the Company that the net profit for the financial year 2022 in the amount of PLN 55,247,128 (in words: fifty-five million two hundred forty-seven thousand one hundred and twenty-eight zlotys) should be divided as follows:
a) the amount of PLN 52,306,718.40 (in words: fifty two million three hundred six thousand seven hundred and eighteen zlotys and forty groszy) to be distributed among shareholders in the form of a dividend payment in the amount of PLN 7.20 (in words: seven zlotys and twenty groszy) per share (excluding own shares purchased by the Company in the buy back programme);
b) the amount of PLN 2,940,409.60 (in words: two million nine hundred and forty thousand four hundred and nine zlotys and sixty groszy) to be transferred to the Company’s reserve capital.
The Supervisory Board recommends setting the dividend date on June 21, 2023, and the dividend payment date on June 28, 2023, which is in accordance with the requirements of generally applicable law and the regulations of the National Depository for Securities.
The final decision on the distribution of profit for the financial year ended on December 31, 2022 will be made by the Ordinary General Meeting of Shareholders.