GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Regulatory Filings • Mar 29, 2019

Current Report No. 4/2019Date: 29 March 2019Topic: Approval ofthe GPW Group's updated financial targets by the Exchange SupervisoryBoardLegal basis: Article 17(1) of MAR - inside informationContent:Furtherto Current Report No. 3/2019 of 29 March 2019, the Warsaw Stock Exchange("Exchange", "GPW", "Company") hereby announces that the ExchangeSupervisory Board has approved the motion of the Exchange ManagementBoard concerning an update of the financial targets under the "Update ofthe GPW Group Strategy #GPW2022" ("Strategy") approved in June 2018.TheCompany's financial targets defined for 2022 have been approved by theExchange Supervisory Board and are as follows:• Revenue: PLN 470million in 2022;• EBITDA: PLN 250 million in 2022;• ROE:19% in 2022 (it may temporarily fall below 19% due to expenditures inconnection with the implementation of the strategy);• C/I under 50%after 2022 (it may temporarily range from 63% to 55% due to expendituresin connection with the implementation of the strategy);• Dividendfrom the 2019 profit at least PLN 2.4 per share, annual increase in thedividend from the 2020-2022 profits by at least PLN 0.1 per share;however, the dividend will be no less than 60% of the annualconsolidated net profit of the GPW Group attributable to the GPWshareholders, adjusted for the share of profit of associates.Furthermore,the Company hereby announces that these strategic objectives and targetsare not a forecast or estimate of results, including financial results,and concern only the intended directions of activities in 2019-2022.Legalbasis: Article 17(41 of Regulation (EU) 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC (EU Official Journal L 173) ("MAR"),