The basic objective of the Management Board of TORPOL S.A. is continuous, stable and systematic creation of added value for the Shareholders, allowing to achieve an attractive rate of return while maintaining prospects of further development for the Company and maintaining an appropriate level of financial liquidity.
Management Board of TORPOL S.A. (Company) informs that in accordance with resolution No. 8 of the Ordinary General Meeting of the Company of 29 June 2022 on distribution of the profit generated by the Company in the FY 2021, the Ordinary General Meeting of the Company decided to allocate the net profit generated by the Company in the financial year 2021 in the amount of PLN 75 622 779,64 to the following:
- payment of dividend – in amount of PLN 68 910 000,00 i.e. PLN 3,00 per share;
- increase in the Company’s Social Benefits Fund – the amount of PLN 700.000,00;
- increase in the reserve capital – in the amount of PLN 6 012 779,64.
At the same time, the Ordinary General Meeting of the Company decided that the list of shareholders entitled to dividend for 2021 (dividend day) is set at 15 July 2022 and the dividend payment date is set at 29 July 2022.
The table below presents the Company’s dividend history since its debut on the Warsaw Stock Exchange (July 2014). Since the financial year of 2013, the Company has allocated its net profit generated in full amount to the reserve capital or supplementary capital.
|For the period||Dividend
(in thousands of PLN)
|Dividend per share
|Dividend day||Unconsolidated net profit for the period|
|2014||11 485||0,50||19.06.2015||25 003|
|2015||15 849||0,69||27.06.2016||32 002|
|2016||10 107||0,44||16.06.2017||15 362|
|2018||5 740||0,25||31.07.2019||8 166|
|2019||20 673||0,90||31.07.2020||27 745|
|2020||35 144||1,53||30.06.2021||46 974|
|2021||68 910||3,00||29.07.2022||75 622|