dividend policy
Dividend payment will depend on cash availability, debt covenants and statutory distributable reserves and will amount from 30% to 50% of annual net profit. On June 14, 2007 we paid a dividend of PLN 0.37 per share, paying shareholders PLN 129 millions from 2006 profits. On June 12, 2008 we paid a dividend of PLN 0.49 per share, paying shareholders PLN 171 millions from 2007 profits. On June 18, 2009 we paid a dividend of PLN 0.57 per share, paying shaholders PLN 194 millions from 2008 profits. The Management Board of TVN S.A. decided to recommend a proposal of a dividend payment for the year 2009 of PLN 0.31 per share (subject to AGM approval). |
