Profil:
Ten Square Games SATen Square Games wants to pay dividend of PLN 15.73/share from 2024 profit and retained earnings
The management board of listed mobile games producer and developer Ten Square Games (TSG) will recommend to the general meeting the payment of dividend from 2024 net profit and retained earnings in the total amount of PLN 100.04 million (EUR 23.92 mln) or PLN 15.73 (EUR 3.76) per share, the company said in a market filing.
TSG reported that the dividend will be paid from the standalone net profit for 2024 in the amount of PLN 72.69 million (EUR 17.38 mln), which means that the entire standalone net profit generated in 2024 will be allocated to dividends; and from a part of the reserve capital created from profit generated in previous years (so-called retained earnings) in the amount of PLN 27.34 million (EUR 6.54 mln).
"According to the best estimate of the management board, the proposed dividend amount, taking into account the treasury shares to be issued under the settlement of the incentive programmes until the dividend date, implies a dividend amount of PLN 15.73 per share," Ten Square Games said in the market filing.
"This is based on the assumption that the number of shares eligible for dividend payment will be 6,359,865 shares, out of a total number of shares in the company of 6,476,000, i.e. excluding the company's own shares held by the company on the dividend date," it added.
The company's management board proposes that the dividend date is set for June 20 and the dividend payment date for June 27, 2025.
The company's shareholders will make the final decision on profit distribution at the ordinary general meeting.
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