PGNiG: Dividend for the financial year 2019

The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”, “Company”) reports that the Annual General Meeting ("AGM") held on June 24th 2020 resolved to allocate PLN 1,628,957,224.65, comprising PGNIG’s net profit for 2019 of PLN 1,747,606,301.26 and accumulated loss brought forward of PLN 118,649,076.61 resulting from the implementation of new accounting standards (IFRS 9 in 2018 and IFRS 16 in 2019), as follows:

a) PLN 520,048,337.13 shall be distributed to the Company’s shareholders as dividend;
b) PLN 1,108,908,887.52 shall be transferred to the Company’s statutory reserve funds.

The number of shares carrying the right to dividend is 5,778,314,857, and thus the amount of dividend per share is PLN 0.09 (nine grosz). The dividend record date and the dividend payment date were set by the AGM for July 20th 2020 and August 3rd 2020, respectively.