PGNiG: Recommendation of the PGNiG Management Board concerning dividend from the 2014 non-consolidated net profit

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) resolved on 5th March 2015 to recommend that the General Meeting of PGNiG allocates PLN 944,000,000 from the 2014 non-consolidated net profit to shareholders as dividend. It means payout at the level of PLN 0.16 per share.
The Management Board of PGNiG also proposed:
a. to set the dividend record date at 15th July 2015,
b. to set the dividend payment date at 4th August 2015.
After a relevant opinion is received from the PGNiG Supervisory Board, the Management Board will make a recommendation to the General Meeting to adopt a resolution on the proposed profit distribution.