| | Recommendation of the Management Board concerning payment of dividend and covering the Company's net loss for 2017
Regulatory filing
The Management Board of Agora SA with its registered seat in Warsaw ("Agora", "Company") hereby informs about adoption of the resolution on May 15, 2018 to recommend to the General Meeting of Shareholders payment of dividend in the amount of PLN 23 290 415.50 (PLN 0.50 per one share).
The dividend will be paid from the supplementary capital of the Company formed from the profit of the previous years.
The proposed dividend day is July 13, 2018, and the proposed distribution date – August 2, 2018.
The proposed period between the date of setting the right to dividend and the date of payment of the dividend does not exceed the period of 15 working days, as recommended by the Best Practices of companies listed on the Warsaw Stock Exchange.
In addition, the Management Board of the Company proposes to cover the net loss for the fiscal year 2017 in the amount of PLN 68,122,166.14 from the Company's supplementary capital. The above application received a positive opinion of the Supervisory Board. The recommendation of the Company's Management Board will be presented to the General Meeting of Shareholders of the Company, which will make the final decision on these matters.
Legal basis: Article 17, paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission directive 2003/124/EC, 2003/125/EC and 2004/72/EC.
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