On March 15^th 2011, the Management Board of Impel SA adopted a resolution on recommending the General Meeting of Impel SA to allocate the entire 2010 net profit of PLN 16,097,968.53 and to approve the payment of dividend of PLN 1.5 per share - to the shareholders eligible for dividend - i.e. the amount of PLN 18,227,193.00, to be covered from the total 2010 net profit. The remaining amount to be paid i.e. PLN 2,129,224.47 shall be drawn from the reserve funds created from retained earnings.

At its meeting held on April 22^nd 2011, the Supervisory Board of Impel SA approved this recommendation.

 

On April 22^nd 2011, the Company released a draft resolution of the Ordinary General Meeting of Impel SA regarding allocation of the 2010 profit and payment of dividend, given the following wording:

 

Art. 1

The Ordinary General Meeting of the Company hereby allocates the entire 2010 net profit of PLN 16,097,968.53 to payment of dividend.

 

Art. 2

The Ordinary General Meeting of the Company shall pay the dividend of PLN 1.5 per share i.e. PLN 18,227,193.00 to the shareholders eligible for dividend. The amount shall be allocated from the 2010 total net profit. The remaining amount to be paid i.e. PLN 2,129,224.47 shall be drawn from the reserve funds created from retained earnings.

 

Art. 3

The Ordinary General Meeting of the Company hereby establishes June 6^th 2011 as the dividend right date.

 

Art. 4

The Ordinary General Meeting of the Company hereby establishes June 20^th 2011 as the dividend payment date.