Recommendation of the Management Board of TIM S.A. on the distribution of profit for 2021
Date |
2022-04-22 |
Current report no. |
7/2022 |
| TIM S.A. with its registered office in Wrocław_”TIM S.A.” or “Company”_. informs that on 22 April 2022 the Management Board of the Company has drawn up a proposal for the Ordinary General Meeting of TIM S.A. to distribute the net profit disclosed in the financial statements of TIM S.A. prepared for the financial year ended 31 December 2021, according to which the Management Board of TIM S.A. proposes the allocation of:
? the amount of PLN 44,398,400_in words: forty-four million three hundred and ninety-eight thousand four hundred zlotys_ per dividend for 2021, with the reservation that the amount of PLN 26,639,040_in words: twenty-six million six hundred and thirty-nine thousand forty zlotys_ was paid on 23 December 2021 as an advance on the proposed dividend for 2021 The Management Board of TIM S.A. announces that on 23 December 2021 an advance was paid towards the proposed dividend for 2021 in the total amount of PLN 26,639,040_in words: twenty-six million six hundred thirty-nine thousand forty zloty_ gross, i.e. PLN 1.20_in words: one zloty twenty grosz_ gross per share, of which the amount of 17,759,360_in words: seventeen million seven hundred fifty-nine thousand three hundred and sixty-six thousand zloty_ came from the profit generated by the Company in the period between 01.01.2021r to 30 June 2021 and the amount of PLN 8,879,680 _in words: eight million eight hundred and seventy-nine thousand six hundred eighty zloty_ comes from funds accumulated on the dividend fund. The Management Board of TIM S.A. made public the payment of the proposed dividend in current report No. 32/2021 of 16.11.2021. In view of the above, the Management Board of TIM S.A. requested the Ordinary General Meeting of TIM S.A. to adopt a resolution establishing the dividend for 2021 in the amount of PLN 53,278,080_in words: fifty-three million two hundred and seventy-eight thousand and eighty zloty_ gross, which gives the amount of PLN 2.40_in words: two zloty forty grosz_ gross per 1_in words: one share, of which the amount of PLN 26,639.040_in words: twenty-six million six hundred and thirty-nine thousand forty zloty_ gross, i.e.: PLN 1.20_in words: one zloty twenty grosz_ gross per 1_in words: one_share was paid on 23 December 2021 as an advance on dividend for the financial year 2021, while the amount of PLN 26,639,040_in words: twenty-six million six hundred thirty-nine thousand forty zloty_ gross, i.e. PLN 1.20_in words: one zloty twenty grosz_ gross per 1_in words: one_ share the Management Board of TIM S.A. proposes to pay out, taking into account the following principles: ? dividend date – 27 July 2022, The proposal of the Management Board of TIM S.A. to distribute the profit earned in 2021 is consistent with the dividend policy of TIM S.A. for 2021-2023, published in current report No. 10/2021 of 22.03.2021. At the same time, the Management Board of TIM S.A. announces that pursuant to Article 382(3) of the Commercial Companies Code the above-mentioned proposal was submitted to the Company’s Supervisory Board, which approved it on 22 April 2022. The final decision on the distribution of profit for the financial year 2021 will be made by the Annual General Meeting of the Company. |
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
| 2022-04-22, Krzysztof Folta – President of the Board 2022-04-22, Piotr Tokarczuk – Member of the Board |