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Tauron PE SATauron power management board will not recommend dividend payout for 2024, in line with strategy
Listed power group Tauron management board will not recommend a dividend payout for 2024, wants to allocate the entire profit to reserve capital, the company said in a market filing. The decision taken is in line with the dividend policy included in the group's strategy for 2025–2035.
It said that the decision taken is in line with the dividend policy included in the Tauron group's strategy for 2025–2035 and the Best Practice for companies listed on the WSE operator GPW Main Market.
"The recommendation of the supervisory board considers the investment programme of the Tauron Group adopted within the framework of the aforementioned strategy, which assumes incurring significant investment expenses in the following years," they wrote.
"The cash left in the company will be able to be allocated to the implementation of investments and, at the same time, will reduce the need for financing, having a positive impact on the level of the net debt/EBITDA ratio," it added.
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