No. 27/2020 | 05-05-2020
Change of PKN ORLEN Management Board proposal regarding distribution of the Company’s net profit for 2019
PKN ORLEN Management Board (“Company”) hereby informs that, taking into account the current and forecasted macroeconomic situation, particularly on the financial market and in oil and gas sector, and planned CAPEX of ORLEN Group, after conducting additional analyses, decided to change proposal regarding distribution of the Company’s net profit for 2019, announced on 18 March 2020.
In accordance with today’s decision, the Management Board will recommend to the Company’s Ordinary General Meeting to divide PKN ORLEN’s net profit for 2019 in the amount of PLN 4 813 592 019,09 in the following way:
- the amount of PLN 427 709 061,00 - for the dividend payment (PLN 1 per share),
- the remaining amount of PLN 4 385 882 958,09 - for the Company’s supplementary capital.
PKN ORLEN Management Board maintains the previously propose dates: 14 July 2020 as the dividend day and 28 July 2020 as the dividend payment date.
The Company’s Management Board recommendation will be presented to PKN ORLEN’s Ordinary General Meeting, which will make the final decision in this issue.
See also regulatory announcement no 13/2020 dated 18 March 2020.