Profil:
MURAPOLMurapol real estate assumes dividend payout of at least PLN 200 mln in 2024
Murapol plans a dividend payout of at least PLN 200 million (EUR 46 mln) in 2024, in the form of dividends and dividend advances, and, starting from 2025, in an amount representing no less than 75 per cent of the consolidated net profit earned in the previous financial year, but no less than PLN 200 million (EUR 46 mln), the company said in its prospectus.
As stated, in 2024, the board will recommend a dividend payout of at least PLN 80 million (EUR 18.4 million) in the first half of the year in the form of a dividend from the net profit for 2023 and the remaining amount in the fourth quarter of 2024 in the form of an advance dividend for 2024, if the legal requirements in this respect are met.
The maximum price of Murapol's shares in the IPO has been set at PLN 35 (EUR 8.05), the offer will cover up to 14,280,000 existing shares, representing up to 35 percent of the company's share capital, Murapol said in the prospectus.
The developer announced on Monday that as part of the offering, Murapol's majority shareholder, AEREF V PL Investment S.a r.l. Intends to sell up to 10,200,000 existing shares, representing up to 25 percent of the company's share capital, and if the selling shareholder, having consulted with global co-ordinators, deems investor demand adequate, it may increase the number of shares offered by up to 4,080,000 shares.
As previously announced, the offer will be addressed to individual investors, selected institutional investors in Poland and foreign institutional investors outside the United States of America.
The offer comprises only the sale of existing shares in the company.
Retail investors can subscribe for shares in the company between November 28 and December 5, 2023.
doa/ han/ ao/ ajk
