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MESSAGE _ENGLISH VERSION_
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2025-03-19
Current report no. 15/2025
Re: Management Board's recommendation re
distribution of profit for 2024 and decision on Dividend Reserve created
pursuant to resolution no. 6 of the Annual General Meeting of 22 March
2021.
In connection with current reports no.
12/2025 of 13 March 2025 and no. 13/2025 of 17 March 2025, the
Management Board of Santander Bank Polska S.A. _Bank_ hereby informs you
that on 19 March 2025 it issued a recommendation on the distribution of
profit for 2024 and the Dividend Reserve created pursuant to resolution
no. 6 of the Annual General Meeting of 22 March 2021 _resolution no. 6_.
The recommendation was positively reviewed by the Bank's Supervisory
Board.
In line with the decision taken, the Bank's
Management Board recommends that profit of PLN 5,197,479,813.35 earned
in 2024 be distributed as follows:
- PLN 3,897,631,915.40 - to be allocated to
the dividend for shareholders;
- PLN 104,130,000.00 - to be allocated to
the capital reserve;
- PLN 1,195,717,897.95 - is to be kept
undistributed.
Moreover, the Management Board recommends
that PLN 840,886,574.78 out of the Dividend Reserve created pursuant to
resolution no. 6 be allocated to the dividend for shareholders.
The Management Board recommends that
102,189,314 _say: one hundred two million, one hundred eighty-nine
thousand and three hundred fourteen_ series A, B, C, D, E, F, G, H, I,
J, K, L, M, N and O shares give entitlement to the dividend to be paid
out from the profit earned in 2024 and from the Dividend Reserve
_Dividend_. The dividend will total PLN 4,738,518,490.18 _of which PLN
3,897,631,915.40 represents 74.99% of the net profit earned in 2024 and
PLN 840,886,574.78 represents the amount allocated from the Dividend
Reserve_.
The Dividend per share will be PLN 46.37.
The Dividend record date will be 13 May
2025.
The Dividend will be paid out on 20 May
2025.
The Bank's Management Board and Supervisory
Board will present this proposal along with the recommendation at the
next Bank's Annual General Meeting.
When taking its decision, the Management
Board took into account the current macroeconomic environment as well as
the recommendations and current guidance of the Polish Financial
Supervision Authority _KNF_, including that outlined in the KNF's letter
of 13 March 2025, of which the Bank informed the market in its current
report no. 12/2025 of 13 March 2025 as well as that outlined in the
letter of 17 March 2025 confirming the possibility to pay a dividend
from the Dividend Reserve of which the Bank informed the market in its
current report no. 13/2025 of 17 March 2025.
Legal basis:
Art. 17 _1_ MAR.
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RB: Rekomendacja Zarządu dotycząca podziału zysku za 2024 r. oraz Kapitału dywidendowego
utworzonego na podstawie uchwały nr 6 Zwyczajnego Walnego Zgromadzenia z dnia 22
marca 2021 r.
