News
28.06.2007 Decision of General Shareholders Meeting of PGNiG on profit distribution for 2006
On 28 June 2007, the Extraordinary General Meeting of PGNiG decided, among other things, on distribution of the profit for the year 2006 in the amount of PLN 1,582,268,076.22 in the following manner:
1) increase in the Company’s reserve funds byPLN 545,312,076.22, subject to determination of the purpose of thisamount by the General Shareholders Meeting of PGNiG,
2) payment of a dividend in the amount of PLN1,003,000,000.00 (which corresponds to a dividend of PLN 0.17 pershare), including:
- PLN 850,000,000.00 to be paid out as a dividendin kind to the State Treasury, subject to additional cash payment incase when the value of the assets does not reach PLN 850,000,000.00
- PLN 153,000,000.00 to be paid out as a cash dividend to the remaining shareholders,
3) increase in the Company’s Social Benefits Fund by PLN 9,000,000.00,
4) employee awards in the amount of PLN 24,956,000.00.
Overall, the shareholders of PGNiG will receive adividend of PLN 0.17 per share. The State Treasury holds 5,000,000,000shares (84.75%), and the remaining shareholders – 900,000,000 shares(15.25%).
The dividend record date was set at 27 July 2007, and the dividend payment date falls on 1 October 2007.
| DIVIDEND | 2006 |
| Dividend amount (PLN) | 1.003.000.000,00 PLN |
| Net Profit (PAS) | 1.582.268.076,22 PLN |
| Dividend rate | 63,39% |
| Dividend per share | 0,17 PLN |
| Dividend record date | 27-07-2007 |
| Dividend payment date | 01-10-2007 |
