Management Board's recommendation on dividend
Report no. 10/2020 2020-05-06

The Management Board of Grupa LOTOS S.A. (the “Company") announces that on May 6th 2020 it passed a resolution on its recommendation to the Annual General Meeting regarding the allocation of net profit for 2019. The Management Board has recommended that PLN 184,873,362 be distributed as dividend (PLN 1 per share) and the balance of PLN 649,432,676.87 be allocated to the statutory reserve funds.

The Management Board also proposed September 14th 2020 as the dividend record date and September 28th 2020 as the dividend payment date.

A final decision on the allocation of profit and payment of dividend will be made by the Annual General Meeting.

Legal basis: Article 17(1) of MAR – Inside information