2015-06-26 10:23:03

GPW's Dividend Yield from 2014 Profit at 4.9%

Warsaw, 26 June 2015

GPW's Dividend Yield from 2014 Profit at 4.9%

PRESS RELEASE

  • GPW's General Meeting has approved a dividend from the company's profit in 2014 at PLN 2.40 per share
  • The dividend yield is 4.9%1
  • Mr Andrzej Ladko and Mr Bogdan Klimaszewski have been elected to the Exchange Supervisory Board

The Ordinary General Meeting of the Warsaw Stock Exchange has accepted the recommendation of the GPW Management Board and approved a dividend pay-out of PLN 100.7 million representing close to 90% of GPW's consolidated net profit in 2014. GPW's Ordinary General Meeting has set the dividend record date at 15 July 2015 and the dividend pay-out date at 4 August 2015. As a result, shareholders who hold GPW shares at 15 July 2015 will receive PLN 2.40 per share, which imies a dividend yield of 4.9% based on the closing share price at 24 June 2015 (PLN 49.15).

"The dividend amount approved today is in line with our dividend policy accepted during the update of GPW Group's strategy in October 2014. A dividend yield close to 5% puts us among the leading Polish companies which share profits with their shareholders. GPW sets an exame which proves that the capital market can be an attractive form of investment today," said Paweł Tamborski, President of the Management Board of the Warsaw Stock Exchange.

The Exchange's dividend policy approved in 2014 provides for annual distribution of profits to the shareholders at over 60% of the consolidated net profit of GPW Group in the financial year. Next year, the GPW Management Board ans to recommend to the General Meeting the payment of dividend at PLN 2.60 per share.

GPW's Ordinary General Meeting has granted the vote of discharge of duties for 2014 to all members of the Exchange Management Board and the Exchange Supervisory Board.

GPW's Ordinary General Meeting has elected Mr Andrzej Ladko and Mr Bogdan Klimaszewski to the Exchange Supervisory Board, reacing Mr Piotr Piłat and Mr Dariusz Kacprzyk, who resigned from their functions.

Newly elected members of the Exchange Supervisory Board:

Andrzej Ladko
Graduate of the Warsaw School of Economics. He started his professional career with Bank Handlowy S.A. in Warsaw, where he worked in the Treasury Division for several years. He joined PZU Group in 2001. In 2005-2008, he was President of PZU Asset Management S.A. In 2008, he was appointed PZU Group's Managing Director for Finance. In 2009-2010, he was Adviser and Proxy to the Management Board of PKO TFI S.A. Currently Vice President of Bank Gospodarstwa Krajowego responsible for Investments and Finance, previously responsible for Risk.

Bogdan Klimaszewski
He has worked in the Treasury securities market for 17 years on staff of the Public Debt Department of the Ministry of Finance. Since 2006, Deputy Director of the Public Debt Department. Currently responsible for contacts with investors, debt issues on the domestic and foreign markets, and the Treasury Securities Dealer system. He was previously responsible for the development and imementation of the debt development strategy, risk management of the Treasury debt, and liquidity management of the public budget. In 1996-2998 with the Municipal Office Warszawa Centrum (responsible for contacts with investors) and the Supreme Chamber of Control (control of privatisation projects). Graduate of the University of Gdańsk and the National School of Public Administration.

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1 Dividend yield based on GPW's closing share price at 24 June 2015 (PLN 49.15)

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The Warsaw Stock Exchange (GPW) is the biggest securities exchange in Central and Eastern Europe. GPW operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. GPW is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as commodity markets. Since 9 November 2010, GPW is a public company listed on Warsaw Stock Exchange. For more information visit http://www.gpw.

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