Legal basis: Article 17 sect. 1 of the MAR - Confidential information.
The Management Board of VRG SA with its registered office in Kraków informs about the adoption on May 18, 2022 of a resolution on the adoption of the "VRG S.A. dividend policy." based in Krakow "with the following content:
VRG S.A. dividend policy based in Krakow
One of the main goals of the Management Board of VRG S.A. based in Krakow (the "Company") is sharing the profit with shareholders through the payment of dividends. The Management Board of the Company intends to recommend to shareholders the payment of dividends in accordance with this dividend policy.
The Management Board of the Company intends to recommend annually to the General Meeting of the Company a dividend payment in the range between 20% and 70% of the value of the consolidated net profit resulting from the audited consolidated financial statements of the Company, assuming that the net debt / EBITDA ratio at the end of the financial year will be less than 2.5.
Each time before presenting a recommendation to the general meeting of the Company, the Management Board of the Company will take into account the following factors:
1.the financial situation of the Company and its capital group,
2.investment needs,
3. liquidity situation,
4.prospects for the development of the Company's capital group in a given market and macroeconomic situation,
5.acquisition plans,
6. banking covenants.