BOWIM SA (17/2018) Opinion of the Supervisory Board regarding the recommendation of the Management Board regarding the allocation of profit for the financial year 2017

The Management Board of BOWIM SA with its registered office in Sosnowiec (hereinafter: "Company") informs that on 20 April 2018 the Supervisory Board of the Company adopted a resolution in which it positively assessed the Management Board's motion, which was announced in current report No. 16/2018, on recommending to The Company's Company's net profit for the year 2017 in the amount of PLN 16,441,761.72 for the payment of dividends to shareholders in the amount of PLN 0.10 per share, ie as at the date of adoption of the resolution PLN 1,799,868.70 and the allocation of the remaining part of the profit, i.e. PLN 14.641.893.02 for increasing the Company's supplementary capital, with the reservation that the amounts exchanged may change as a result of the repurchase of own shares carried out by the Company until the dividend designated by the Ordinary General Meeting, such that the number of shares entitled to dividend it will decrease by the number of own shares repurchased by the day preceding the dividend day, which will result in a decrease in total equity dividend amount while increasing the amount allocated to supplementary capital. Legal basis: § 38 para. 1 point 11 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (consolidated text Journal of Laws of 2014, item 133).

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Bowim SA
Adress: ul. Niwecka 1E 41-200 Sosnowiec
Phone:+48 32 3929300

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