Dividend policy

Taking into account the financial results achieved by the Company and the intention to share the profit generated by the Company with the Sahreholders, the Management Board of CCC PLC enacted the dividend policy on April 28th, 2015, which was revised on March 17th, 2017 (RB no. 15/2017 of March 17th, 2017).

 

  • ~800 million PLN

    total amount of the paid-up dividend

  • 10 years

    the period since when the dividend is paid on an ongoing basis

  • ~115 million PLN

    to greatest dividend for one year

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The Management Board of CCC intends to submit to the General Meeting of Shareholders a proposal for the payment of the dividend in the amount from 33% to 66% of consolidated net profit of CCC Capital Group, assigned to the sharholders of the dominant unit, with the assumption, that the realtion of net debt to EBITDA at the end of the financial year, to which the division of the profit will pertain, will be below 3.0.

While recommedning a dvision of the profit generated within CCC Capital Group, the Management Board of the Company will be taking into accoun the financial and liquidity situation of the Group, the current and future obligations (including the potential limitations connected with credit agreements and the issue of debt securities) and the assessment of the perspectives of CCC Capital Group in specified market and macroeconomic conditions.

The dividend policy will be applied beginning with the consolidated net profit of the Group for the financial year concluded on December 31st, 2016.

Pursuant to Article 395 § 2 item 2 of the KSH, the authority relevant for undertaking decisions regarding the division of profit and payment of dividend is the General Meeting of Shareholders. The resolution regarding the dividend is undertaken during an Ordinary General Meeting of Shareholders, which, pursuant to Artilce 395 § 1 of the KSH is to take place within the term of six months following the conclusion of the trading year. The proposal for the division of profits, one assessed by the Supervisory Board, is presented to the Ordinary General Meeting of Shareholders by the Management Board of the Company.

Shareholders, whose accounts will feature CCC PLC shares upon the record date, are entitled to the dividend. The General Meeting of Shareholdersarranged the day, upon which the list of shareholders entitled to to the dividend for a given trading year (day D) and the dividend payment date (day W) is established. The recod date may be set upon the date of resolution or within the next three months following that date.

Information pertaining to the payment of dividend will be issued by the Management Board of CCC PLC in the form of current reports.

The conditions for the acceptance of dividend were determined pursuant to the rules assumed for public limited companies. The payment of dividend takes palce via the KDPW (National Depository for Securities) deposit system. Pursuant to § 106 Paragraph 1 and § 112 Paragraph 1 of the Particular Conditions of Functioning of the National Depository for Securities, the Issuer is obligated to inform the KDPW about the amount of the dividend per share, the term of the rigth to dividend being determined and the term of payment of the dividned and to make available to the KDPW the funds for the execution of the rights to dividend on the cash or bank account indicated by the KDPW upon the dividend payment date. KDPW divides the funds received from the Issuer to cash or bank accounts of direct participants.

There are no share preferences as to the dividend within the Company.

Dividend history of CCC S.A.

* with the inclusion of discontinued operations Dividend was not paid for trading year 2004, 2007
Year Dividend in total [PLN] Dividend per share [PLN] Dividend day Dividend payment date % of unit profit intended for the dividend % of consolidated profit intended for the dividend
2018 19.760.640,00 0,48 17.09.2019 01.10.2019 part of supplementary capital 35%*
2017 94.677.000,00 2,30 19.09.2018 01.10.2018 100% + part of supplementary capital 31%
2016 101.434.760,00 2,59 07.09.2017 21.09.2017 100% + part of supplementary capital 32%
2015 86.016.000,00 2,19 31.08.2016 13.09.2016 30% 33%
2014 115.200.000,00 3,00 23.09.2015 08.10.2015 99% 27%
2013 61.440.000,00 1,60 26.09.2014 10.10.2014 62% 49%
2012 61.440.000,00 1,60 26.09.2013 11.10.2013 100% + part of supplementary capital 58%
2011 61.440.000,00 1,60 27.09.2012 16.10.2012 70% 50%
2010 57.600.000,00 1,50 09.09.2011 27.09.2011 67% 49%
2009 38.400.000,00 1,00 15.09.2010 27.09.2010 56% 46%
2008 38.400.000,00 1,00 28.09.2009 16.10.2009 43% 37%
2007 0 0 no data available no data available no data available no data available
2006 38.400.000,00 1,00 05.07.2007 19.07.2007 78% 72%
2005 38.400.000,00 1,00 12.06.2006 22.06.2006 100% + part of supplementary capital 88%

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