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The Management Board of UNIMOT S.A. recommends allocating 50% of standalone net profit to dividend

Date of publication: 24.03.21

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The Management Board of UNIMOT S.A., listed on the Warsaw Stock Exchange independent importer of liquid and gaseous fuels, has recommended payment of a dividend from the profit for 2020 in the amount of PLN 16.1 million, that is PLN 1.97 per share. The Supervisory Board has accepted the Management Board’s proposal in this regard.

The Management Board of UNIMOT S.A. on 23rd March 2021 recommended payment of a dividend in the amount of PLN 16.1 million, which accounts for 50% of the achieved standalone net profit of UNIMOT S.A. in 2020. This means that company’s shareholders can receive PLN 1.97 per one share. The remaining part of the profit in the amount of PLN 16.1 million the Board proposes to allocate to supplementary capital.

Despite the ongoing pandemic and considerable uncertainty on the market that follows it, the year 2020 has been the best one in our history with reference to business. Following the negative impact of of book valuation of compulsory reserve, the book results were lower than business ones. We decided to maintain in the recommendation the amount of dividend per one share at the same level as last year. This is another record year of the DPS benchmark for UNIMOT S.A. Maintaining such a high level of dividend means allocating as much as 50% of the standalone net profit to dividend payment. Our good current financial results favour the proposed dividend – explains Mr Adam Sikorski, President of the Management Board of UNIMOT S.A.

The Management Board’s recommendation complies with the current dividend policy, which assumes dividend payment in the amount of minimum 30% of the standalone net profit.

The Management Board’s recommendation regarding profit allocation has been accepted by the Supervisory Board. Final decisions pertaining to allocation of profit for the financial year 2020 and establishing the date of its payment will be made by the Ordinary General Meeting of UNIMOT S.A.

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