Dividend Policy of Mangata Holding S.A.
On August 9, 2017, the Management Board of Mangata informed (CR 26_1217) about the adoption of the Dividend Policy of Mangata Holding S.A., which is an element of ensuring a balance between the amount of dividend paid to the Company’s shareholders and the possibility of using the funds generated by the Company in order to pursue a sustainable and effective policy of further development.
The dividend policy assumes that in a period of not less than 5 years, the Management Board of Mangata Holding S.A. will recommend to the General Meeting the payment of a part of the profit generated by the Company in the following financial years. The amount of profit recommended by the Management Board of Mangata Holding S.A. for payment to the Company’s shareholders, will in any case take into account:
- current investment needs of the Mangata Holding S.A. Capital Group resulting from the implementation of the Group’s development strategy, assuming both organic development and possible acquisition processes within the Group,
- the Company’s current financial position, and
- market conditions.
Depending on the analysis of the above-mentioned important factors, the recommendation of the Management Board of Mangata Holding S.A. concerning the payment of profit by the Company may be different in subsequent financial years. The Management Board of Mangata Holding S.A. will systematically review the assumptions of the dividend policy.
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