LegalPlayWay
Raport bieżący nr 11/2020: Rekomendacja Zarządu dot. Dywidendy
12 May 20201 pages~1 min full read
PlayWay S.A. has recommended a total dividend payment of 62,436,000 PLN for the 2019 financial year.
The proposed dividend payout equates to 9.46 PLN per share for shareholders.
The distribution is funded by 60,852,000 PLN from 2019 net profits and 1,584,000 PLN from retained earnings.
The dividend recommendation is subject to final approval by the company's Ordinary General Meeting.
Management states that the payout level is balanced to maintain liquidity for ongoing development teams and publishing projects.
The Management Board of PlayWay S.A. has issued a formal recommendation to the Ordinary General Meeting regarding the distribution of profits for the 2019 financial year. Following a comprehensive analysis of the company’s current financial standing, projected revenues, and planned future investments, the leadership proposes a total dividend payment of 62,436,000 PLN. This distribution equates to a payout of 9.46 PLN per share, reflecting the company's commitment to shareholder returns amidst its ongoing growth within the global gaming sector.
The proposed dividend is structured from two distinct financial sources. The vast majority of the funds, totaling 60,852,000 PLN, is derived from the net profit generated during the 2019 fiscal year. The remaining 1,584,000 PLN is sourced from retained earnings accumulated in previous years. This recommendation aligns with the company’s established dividend policy and follows the regulatory requirements for disclosing inside information under the Market Abuse Regulation.
This financial decision focuses specifically on the Polish market where PlayWay is headquartered and listed, covering the performance period of 2019. By recommending a substantial payout while accounting for future investment needs, the management signals confidence in the company’s liquidity and its ability to sustain its extensive portfolio of development teams and publishing projects. The final implementation of this recommendation remains subject to the approval of the Ordinary General Meeting of shareholders.
