AZOTY ZAKŁADY CHEMICZNE POLICE SA GROUP (16/2018) Recommendation of the Management Board regarding the distribution of profit for 2017.

The Management Board of Grupa Azoty Zakłady Chemiczne "Police" S.A. (hereinafter: "Company") informs that on May 7, 2018, it adopted a resolution regarding the submission to the Ordinary General Meeting of the Company with a recommendation to divide the net profit achieved in the financial year 2017 in the amount of PLN 133 205 777,55 in the following manner:
- for the payment of dividends to the Company's Shareholders, the amount of PLN 37,750,000 should be allocated, which is PLN 0.53 per share;
- to allocate the reserve capital, the amount of PLN 93,455,777.55.
At the same time, the Company informs that pursuant to art. 382 § 3 of the Code of Commercial Companies, this recommendation will be addressed to the Company's Supervisory Board for evaluation.
The final decision regarding the distribution of profits for the 2017 financial year will be taken by the Ordinary General Meeting of the Company.
Legal basis: Article 17 para. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission directive 2003 / 124 / EC, 2003/125 / EC and 2004/72 / EC (Official Journal of the European Union of June 12, 2014, No. L 173/1, as amended).

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

Company information
Company name:Grupa Azoty SA
Adress: ul. Eugeniusza Kwiatkowskiego 8 33-101 Tarnów
Phone:+48 14 6330781

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