Profil:
Votum SAVotum legal adopts dividend policy for 2025-27; recommends payment of PLN 5 per share
Listed legal advisor group Votum's management board has adopted a dividend policy for 2025-2027 and will recommend PLN 60 million (EUR 14 mln) to be earmarked each year covered by the policy for the payment of dividends, which translates into PLN 5 (EUR 1.17) per share, the company said in a market filing.
As stated, if the profit for a given financial year exceeds PLN 60 million (EUR 14 mln), the surplus will be transferred to a reserve capital created for the payment of dividends in subsequent years.
Votum added that if the profit for the financial year for which the dividend is to be paid is less than PLN 60 million (EUR 14 mln), the difference will be made up from the funds accumulated in the reserve capital created for the payment of dividends, to the extent that the amount of this capital allows.
"The method of calculating the final value of the dividend to be paid will be based on converting the dividend into an amount per share and rounding the result down to whole cents," the company said.
It added that the policy will apply to net profits earned in 2025, 2026 and 2027, respectively, and that the existing dividend policy adopted in 2024 is no longer valid.
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