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Marvipol pays out before division

Katarzyna Suska 19 July 2016
POLAND Marvipol is to pay out a dividend for the first time, which the company has earmarked PLN 4.57 mln for.
The management of company has announced that it will publish its plan for the company’s dividend policy in the next few months, before the planned division of the company into an automotive and a development company. Marvipol’s dividend will amount to PLN 0.11 per share. The day for establishing the entitlement to the dividend was July 12th, with the dividend to be paid on July 26th. The resolution on the dividend was unanimously passed by minority shareholders. The main shareholder, Mariusz Książek, who is the originator of the dividend payment idea, did not take part in the vote, handing the decision over to stock exchange investors.

“The Marvipol Group is mature enough in business terms to share its profits and successfully multiply the capital it has been entrusted with at the same time. We want our dividend policy to become one of the pillars of the group’s development strategy and to strengthen our positive relations with shareholders. The management of Marvipol will implement the group’s dividend policy in H2 2016, before the completion of the division of the group into WSE-quoted companies (an automotive company and a development company). This will become the foundation of the dividend policies of the two companies,” declared Mariusz Książek, the president of the board of Marvipol.

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