Report 18/2021
Subject: Payment of dividends
Legal basis: § 19 para. 2 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent information required by the law of a non-member state
The Management Board of MUZA S.A. ("Company") informs that the General Shareholders' Meeting, held on 26 June 2021, adopted resolution No. 29/2021 on the allocation of a part of the reserve capital in the amount of PLN 2,000,000.00 (PLN two million), created from the previous years' profits, for distribution among the shareholders as a dividend.
The shareholders eligible for the Company's shares on 24 September 2021 (dividend date) will be entitled to the dividend.
The amount of the dividend per one share of the Company will be the quotient of the amount of PLN 2,000,000.00 (PLN two million) and the number of the Company's shares existing on the dividend date, subject to (if necessary) rounding down to two decimal places (full pennies). If the amount of the dividend to be paid out for all shares of the Company, being the product of their number and the amount indicated in the preceding sentence, is lower than the amount of PLN 2,000,000.00 (PLN two million), the remaining part of this amount will remain in the Company's reserve capital.
As of the date of this resolution's adoption, 2,800,598 (two million eight hundred thousand five hundred and ninety-eight) shares are eligible for the dividend. Due to the above, as at the date of adoption of this resolution, the amount of PLN 0.71 (seventy-one groszy) per one share of the Company corresponds to one share of the Company; therefore, the total amount of the dividend should amount to PLN 1,988,424.58.
The Management Board of the Company, with reference to current reports No. 12/2021 and 13/2021 published on 26 June 2021, informs that on 26 June 2021, all series A Subscription Warrants offered by the Company under the Incentive Scheme, in the total number of 268,558 (two hundred sixty-eight thousand five hundred and fifty-eight) pieces, were acquired free of charge by Eligible Persons, i.e. Marcin Garliński (President of the Management Board) acquired 134,279 (one hundred and thirty-four thousand two hundred and seventy-nine) Series A Subscription Warrants, while Małgorzata Czarzasty (Vice-President of the Management Board) acquired 134,279 (one hundred and thirty- four thousand two hundred and seventy-nine) Series A Subscription Warrants.
Each Subscription Warrant entitles to take up one series C ordinary bearer share, issued as part of the conditional increase of the Company's share capital, referred to in § 6a of the Company's Articles of Association (in accordance with the Regulations of the Incentive Program, which was published in the current report No. 11/2021 on 26 June 2021). Given the above, the Company's Management Board emphasises that the Eligible Persons may acquire series C ordinary bearer shares before the dividend date. In this case, the number of shares covered by the dividend may change, and therefore the value of the dividend per share will change. In such a case, the dividend will cover 3,069,156 (three million sixty-nine thousand one hundred and fifty-six) shares, and the amount of
0.65 groszy (sixty-five groszy) will be due - by way of dividend - per one share of the Company; therefore, the total amount of the dividend will amount to PLN 1,994,951.40. Considering the above circumstances, the Company will publish the amount of dividend per share within seven days after the dividend date.
The dividend payment date was set out for 8 October 2021.