Resolution of the Ordinary General Meeting of Budimex S.A. on the payment of dividend for 2019

The Management Board of Budimex S.A. informs that the Ordinary General Meeting of Budimex S.A. on 18 June 2020. adopted Resolution No. 367 on the payment of dividend for 2019 in the amount of PLN 4.56 (four zlotys and fifty-six groszy) gross per share.

According to the above-mentioned By resolution, a part of the net profit for the period from 1 January 2019 to 31 December 2019 in the amount of PLN 116,417,246.88 (one hundred sixteen million four hundred seventeen thousand two hundred forty-six zlotys and eighty-eight groszy) is decided to be allocated to the payment of dividend.

Taking into account the current difficult situation on the market, in particular the potential impact of the COVID-19 epidemic on the construction market and thus on the Company’s financial position and operations in the long term, the remaining part of the net profit for the period from January 1, 2019 to December 31, 2019 in the amount of PLN 116,305,811.77 (one hundred sixteen million three hundred five thousand eight hundred eleven zlotys and seventy seven groszy) is decided to allocate to the reserve capital for the purpose of payment of dividend or payment of advances towards the expected dividend by the Management Board.

The dividend was paid on all shares of Budimex S.A., i.e. 25,530,098 (twenty-five million five hundred thirty thousand ninety-eight) shares.

The dividend date, i.e. The date of determining the list of shareholders entitled to dividend for 2019 was set for 1 July 2020, and the dividend payment date was set for 14 July 2020.