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Recommendation of the Management Board Regarding Net Profit Distribution for 2023

Key insights

4 slides

The recommendation

The board recommends allocating the entire 2023 net profit to reserve capital.

11 bit studios S.A. proposes that all 2023 earnings go to the company’s reserve capital. No dividends are proposed for shareholders.

525,609 PLN

2023 net profit recommended for reserve capital

Decision path

The final decision rests with the ordinary general meeting of shareholders.

The recommendation is presented for consideration by the supervisory board. It will ultimately be decided at the ordinary general meeting of shareholders.

Governance route. The final decision regarding the profit allocation rests with the ordinary general meeting of shareholders following review by the supervisory board.

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Summary

The board of 11 bit studios S.A. announced on 22 April 2024 that it recommends allocating the entire net profit of 525,609 PLN earned in 2023 to the company’s reserve capital. This recommendation is presented for consideration by the supervisory board and will ultimately be decided at the ordinary general meeting of shareholders. The resolution is grounded in Article 17(1) of the MAR, indicating that the information is confidential. The board members involved in this decision are President Przemysław Marszał and Board Member Grzegorz Miechowski. The recommendation reflects a conservative approach to capital management, ensuring that all profits are retained within the company rather than distributed as dividends. No additional financial details, such as profit breakdowns or comparative figures from prior years, are provided in the brief. The document serves solely to inform shareholders and supervisory authorities of the proposed profit allocation for the fiscal year 2023.