56/2021 - Motion submitted with the subsidiary for the distribution of the dividend - Public disclosure of delayed inside information

Pursuant to Article 17 (1 and 4) of REGULATION (EU) No 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. of 16 April 2014. on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (“MAR”), the Management Board of Trakcja S.A. (the “Company” or the “Issuer”) should like to communicate inside information delayed by the Issuer on 23 November 2021.
On 23 November 2021 the Company’s Management Board has reached the decision to submit a motion with its subsidiary, AB Kauno tiltai established in Kaunas, Lithuania, for convening its general meeting for 23 December 2021 with a view of adopting a resolution by the general meeting of AB Kauno tiltai as regards the distribution of a dividend for a period shorter than the financial year, that is, for the period from January to September 2021, along with undistributed profits from previous years. Ultimately, the requested amount of the dividend has been set out by the Issuer’s Management Board in the amount of EUR 9,999,769.32.
The public disclosure of the foregoing delayed inside information follows from the fact that the Company’s Management Board received on 21 December 2021 approval of the Supervisory Board of Trakcja S.A. for the proposed draft resolution of the general meeting of AB Kauno tiltai as regards the distribution of the dividend, required under the Company’s Memorandum, for the purpose of enabling the Company’s Management Board to vote “yea” for the adoption of the resolution by the general meeting of shareholders of AB Kauno tiltai as regards the distribution of the dividend.
At the same time, the Management Board informs that the shares held by the Company in the share capital of AB Kauno tiltai constitute 96.84% of the share capital of AB Kauno tiltai.

Legal basis: Article 17 (1 and 4) MAR