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Kruk S.A. — AGM Information 2020
Jul 31, 2020
5678_rns_2020-07-31_517bd5a6-50cd-4301-90cf-e378ed7b90e5.html
AGM Information
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Current Report No. 21/2020
DATE: July 31st 2020
Subject: Management Board's resolution to recommend allocation of 2019profit endorsed by Supervisory Board
Legal basis: Art. 17(1) of MAR - Inside information
Text of the report:
Further to Current Report No. 20/2020 of July 27th 2020 regarding themanner of allocation of the 2019 profit as recommended by the ManagementBoard, the Management Board of KRUK S.A. (the "Company") announces thaton July 30th 2020 the Company's Supervisory Board passed a resolutionassessing the proposed manner of allocation of the Company's net profitfor 2019 and recommendation for the General Meeting to allocate aportion of that profit either to buyback of shares or to dividenddistribution, and to statutory reserve funds. The Supervisory Boardresolved to endorse the above proposal and recommendation, whereby theManagement Board recommended that the Annual General Meeting allocate aportion of the Company's net profit for 2019 to buyback the Company'sown shares and to the Company's statutory reserve funds or to dividenddistribution and to the Company's statutory reserve funds.