Arctic Paper S A : Supervisory Board's opinion on the payment of dividend
April 22, 2024 at 02:14 am EDT
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Published: 2024-04-22 08:10:00 CEST
Arctic Paper AB
Inside information
Arctic Paper S.A. Supervisory Board's opinion on the payment of dividend
The Management Board of Arctic Paper S.A. ("Company") hereby informs that on April 22nd 2024 it received information that the Supervisory Board of the Company adopted a resolution approving the submission to the Ordinary Shareholders Meeting of the recommendation of the Management's Board regarding the payment of dividend to the shareholders from part of the Company's net profit of the financial year 2023 in the amount of PLN 69,287,783.00 (in words: sixty nine million two hundred eighty seven thousand and seven hundred eighty three zlotys 00/100).
The dividend per share will amount to PLN 1.00 gross (say: one zloty).
The remaining part of the Company's net profit of 2023, in the amount of PLN 181,928,491.87 (in words: one hundred eighty one million nine hundred twenty eight thousand and four hundred ninety one zloty 87/100) will be allocated to the Company's supplementary capital.
The Management Board's recommendation and the Supervisory Board's opinion will be presented as a subject of the resolution of the Ordinary Shareholders Meeting.
The final decision on the distribution of the Company's net profit of 2023 and the payment of dividend will be taken by the Ordinary Shareholders Meeting.
Specific legal basis:
Art. 17 sec. 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
Further information provided by:
Michał Jarczyński, President of the Management Board of Arctic Paper, tel. (+48) 73 033 98 17
This information is disclosed pursuant to the Article 17 Section 1 of the Market Abuse Regulation - inside information and was submitted for publication on 22nd of April 2024 at 8:10 am CET, in reference to Arctic Paper's current report no. 4/2024 filed with the Warsaw Stock Exchange
Attachments:
04214957.pdf
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Arctic Paper SA is a Poland-based holding company engaged in the paper industry. The Company divides its business into three segments of graphic paper: Fine paper, Newsprint, and Magazine paper. The Company's main activities are manufacturing and sale of graphic fine uncoated and coated paper, under the brands: Amber, G-Print, Munken, Pamo, Arctic, L-Print and AP Tech, among others. It offers uncoated wood-free paper, coated wood-free paper, as well as uncoated wood-containing paper. The Company operates four paper mills, located in Kostrzyn, Poland, Munkendals and Grycksbo, Sweden, and Mochenwangen, Germany. Among the Companyâs customers are printing houses, distributors, publishing houses and advertising agencies. The Company is a parent entity of the Arctic Paper Capital Group As of December 31, 2011 Arctic Paper AB, based in Sweden, held a 74.8% stake in the Company. On February 26, 2013, the Company increased its stake in Rottenros AB to 54.2%.
ARCTIC PAPER S.A. 
