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- WSE becomes more attractive as a dividend-paying company.
- The Exchange Management Board will recommend dividend payment to the General Meeting based on the consolidated profit of WSE Group instead of the separate profit of WSE.
The Management Board of Warsaw Stock Exchange has adopted today a resolution amending the company’s dividend policy. According to the approved amendments, as of the distribution of the profit for the financial year 2013, WSE will strive to pay a dividend ranging from 30% to 50% of the consolidated net profit of the WSE Group attributable to the shareholders of WSE adjusted for the share of profit of associates.
The existing dividend policy of the Exchange defined in WSE’s prospectus in 2010 provided for the payment of 30-50%, as does the new policy; however, the basis for the dividend was the company’s separate net profit.
“Since its new listing on Warsaw Stock Exchange, WSE has taken determined efforts to be a dividend-paying company. We want WSE to become even more attractive to investors in this regard. The dividend which we will recommend to the General Meeting in the coming years will be based on the consolidated profit and not on the separate profit as before. This will be a better reflection of the structure of our Group with a growing importance of the subsidiaries. It is not unlikely that the contribution of the subsidiaries to the financial results of the Exchange may increase further in the future, among others due to a more proactive approach to growth by acquisitions,” said Adam Maciejewski, President of the Management Board of WSE.
Table: WSE dividend payment record (dividend paid from the profit of the year)
|
Year |
Dividend per share |
Dividend paid [PLN’000] |
Dividend payout ratio (dividend to separate profit) |
Dividend payout ratio (dividend to consolidated profit) |
Dividend payment date |
|
2012 |
0,78 |
32 738 |
49.9% |
30.8% |
26.07.2013 |
|
2011 |
1,44 |
60 440 |
49.9% |
45.1% |
20.07.2012 |
|
2010 |
3,21 |
134 730 |
99.8% |
142.1% |
27.07.2011 |
Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe. WSE organises trading on one of the most dynamically growing capital markets in Europe. WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. WSE is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as an energy market. Since 9 November 2010, WSE is a public company listed on Warsaw Stock Exchange. For more information visit http://www.gpw.pl
