7 April 2025
The Management Board of Ten Square Games S.A. with its registered office in Wrocław (the “Company”), with reference to the information provided in current report no. 4/2025 dated 24 March 2025, hereby informs that on 7 April 2025 the Company’s Supervisory Board adopted a resolution concerning the evaluation of the Management Board’s proposal on the distribution of the Company’s profit for the financial year 2024, the payment of dividend, and the presentation of a recommendation to the Annual General Meeting of Shareholders.
Having reviewed the Company’s Financial Statements for 2024 and the Management Board’s proposal regarding the distribution of profit for 2024 and the payment of a dividend from the net profit for 2024 and retained earnings, the Supervisory Board carried out a formal and substantive analysis of the proposal. In the Supervisory Board’s opinion, the proposal meets formal requirements, i.e. it complies with applicable regulations. Furthermore, the content of the proposal justifies the issuance of an opinion that the proposal is in the interest of both the Company and its shareholders. The current, stable financial condition of the Company and the intention to ensure a greater participation of shareholders in the Company’s profits speak in favour of allocating part of the retained earnings to dividend payment.
In this context, the Supervisory Board of the Company recommends to the Annual General Meeting of Shareholders the payment of a dividend in the amount of PLN 100,040,676.45 (in words: one hundred million forty thousand six hundred seventy-six zlotys and forty-five groszy). The dividend will be paid out from:
According to the Management Board’s best estimate, the proposed dividend amount, taking into account the own shares that will be distributed as part of the settlement of incentive programs by the dividend date, translates into a dividend of PLN 15.73 per share. This is based on the assumption that the number of shares entitled to receive the dividend will amount to 6,359,865 (in words: six million three hundred fifty-nine thousand eight hundred sixty-five) out of the total number of 6,476,000 Company shares, excluding own shares held by the Company on the dividend date.
The Supervisory Board of the Company recommends setting the dividend record date for 20 June 2025, and the dividend payment date for 27 June 2025, in accordance with applicable laws and the regulations of the Central Securities Depository of Poland (KDPW).
The final decision regarding the distribution of profit for the financial year ended 31 December 2024 will be made by the Annual General Meeting of the Company.