PGNiG Shareholders for payment of a dividend of 0.18 zł per share – Banker

The General Meeting of PGNiG decided to pay a dividend of 0.18 zł per share, in line with the prior proposal the board.

 
 
 
 

Total dividend will zł 1.06 billion from last year’s net profit, which amounted to 1.47 billion zł.

 

The record date is July 20th, with payout on August 2, 2016.

 

2014 years PGNiG paid zł 1.18 billion in dividends, which gave 0.2 zł per share.

 

The General Meeting furthermore decided not to grant discharge
 former Management Board: Mariusz Zawisza, a former president of the former and
 Vice Presidents: Jaroslaw Baucowi, and Zbigniew Skrzypkiewiczowi
 Waldemar Wojcik.

 

June 17 Board of PGNiG reported that recommends not to grant
 previous discharge to the Management Board and to the five of the 11 members of the Council
 Board.

 

Piotr Wozniak, president of PGNiG, among the reasons for failure
 discharge to mention the actions of previous authorities against
 a subsidiary of PGNiG, Polish Gas Company.
 

Another reason was indicated the conduct of investment,
 especially investment in Stalowa Wola. According to Wozniak “wasted a lot
  money, “and the way predecessors led investment
 Stalowa Wola, was “a school example of how not to lead
 investment. “

 

The third argument was “the status of cooperation with a Russian partner,” which
  the current president of the gas company rated “strongly negative”.

 

Mariusz Zawisza, former president of PGNiG and Zbigniew Skrzypkiewicz and
 Jaroslaw Bauc were vice-presidents of the company, in a statement addressed
  to the media on June 20 wrote that “the decision and the reasoning of the current
 the board is a pozamerytoryczny. “

 

“quoted by the management of denial arguments for us
 discharge on alleged negligence in supervision, or
 improperly conducted international negotiations are
 insinuating. All activities were conducted in accordance with the
 the applicable rules and the law, in the interests of the company, its
 customers and shareholders, and to ensure the safety of
 energy “- written at the time.

 

 They were the heads of the company announced in addition that they have done all
  targets imposed by the supervisory board of the company. These exchanged m. Al.
 to develop “best ever financial results” group,
 reduction of debt, payment of record dividends (0,20 zł per share)
 and achieving historical maximums of trading in shares of the company. pointed
 also includes a program to increase efficiency and restructuring
  response to falling prices of hydrocarbons and multiple reduction of tariffs.

 
 

During the General Meeting, which represented
 it was 76.8 percent. of the share capital, the shareholders decided to
 not to grant discharge of duties in the financial year
 In 2015 the then president of Mariusz Zawisza and Vice Presidents: Jarosław
  Baucowi, Zbigniew Skrzypkiewiczowi and Waldemar Wójcik.

 

Even before the vote Skrzypkiewicz read out a statement in
 the previous management – including paying attention on the record
 capitalization of the company in 2015 and its historical stock exchange listing
  - He decided that for such draft resolutions proposed by the current
 board stand on non-formal considerations.

 

At Tuesday’s AGM was not the representatives of the current Board
 led by President Piotr Wozniak. General adopted a resolution on
 justification for their absence.

 

(PAP)

 

morb / ana /