Report no.: 7/2015

Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.

 

SUBJECT: Positive opinion of the Supervisory Board of Izostal S.A. regarding the request of the Management Board with a proposal of payment of dividend for 2014.

 

CONTENT OF THE REPORT:

The Management Board of Izostal S.A. informs that the Supervisory Board during its meeting on March 25th, 2015 adopted a resolution on approval of the request made by the Management Board to the General Meeting of Shareholders, regarding distribution of profit for the financial year 2014.

 

The Supervisory Board issued a positive opinion to the General Meeting of Shareholders on the proposal of the Management Board regarding distribution of profit for 2014, including allocation of the amount of PLN 2,292,080.00 for dividend for the Company’s shareholders, which gives PLN 0.07 of dividend per each share. The proposal includes covering by dividend of all the shares issued by the Company in the number of 32,744,000 pieces. The Supervisory Board did not raise any objections as to the date for determining the right to receive a dividend falling as at July 14th, 2015, and the date for payment of the dividend as at August 3rd, 2015 suggested by the Management Board.

 

Specific legal basis: §38 clause 1 item 11 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).

 

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:

Management Board President, Marek Mazurek  2015-03-25

Management Board Vice President, Michał Pietrek 2015-03-25

 

INFORMATION ON THE ENTITY:

Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA

Abbreviated name of the issuer:  IZOSTAL S.A

Sector based on the classification of Warsaw Stock Exchange:  Other industry

Address: 47-120 Zawadzkie Polna 3

Telephone: (77) 405 65 00

Fax: (77) 405 65 01

e-mail:info@izostal.com.pl

www.izostal.com.pl

VAT No. [NIP]:756-00-10-641

Statistical No. [REGON]: 530884678