Firma Oponiarska Debica S A : Supervisory Board's opinion on the distribution of profit for 2019
July 23, 2020 at 09:30 am
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DEBICA
RB 15/2020
POLISH FINANCIAL SUPERVISION AUTHORITY
Date: July 23, 2020
Abbreviated name of issuer:
DEBICA
Subject: Supervisory Board's opinion on the distribution of profit for 2019
Legal grounds:
Other regulations
Report content:
With reference to the current report no. 14/2020 of 20 July 2020, the Management Board of Dębica S.A. (the "Company") informs that today, i.e. 23 July 2020, The Supervisory Board of the Company - acting pursuant to Article 382 § 3 of the Commercial Companies Code - after examining the motion of the Management Board, of which the Company informed in the report no. 14/2020, adopted a resolution in which it gave a positive opinion to the proposal of the Management Board concerning the distribution of profit for 2019 in the amount of PLN 112 739 473,10 (in words: one hundred twelve million seven hundred thirty nine thousand four hundred seventy three zlotys and 10/100).
The proposal assumes:
the amount of PLN 56 315 220,00 (in words: fifty-six million three hundred fifteen thousand two hundred twenty zloty 00/100) shall be allocated for dividend for shareholders in the amount of PLN 4.08 per share, setting 9 October 2020 as the date of acquisition of rights to dividend (dividend day) and 17 December 2020 as the date of dividend payment - due to the seasonal nature of the Company's business;
the amount of PLN 56 424 253,10 (in words: fifty-six million four hundred twenty-four thousand two hundred fifty-three zloty and 10/100) shall be allocated to the reserve capital with the possibility of disbursement in future years.
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Firma Oponiarska Debica SA published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 13:30:12 UTC
Firma Oponiarska Debica SA is a Poland-based producer, wholesale and retail trader of passenger and commercial tires. The Company mainly targets the markets of whole-steel heavy truck tires, as well as tires for all-terrain vehicles, off-road tires, agricultural machinery and equipment tires. The Company exports its products to more than 60 countries, mostly to Germany, Slovenia, Luxembourg, the Russian Federation, Romania, France and Italy, among others under the brand names Debica, Goodyear, Dunlop, Fulda and Sava. As of December 31, 2011, it had one affiliated company, Centrum Utylizacji Opon Organizacja Odzysku SA, engaged in the tires utilization process. As of December 31, 2011, the Company was 66.05%-owned by Goodyear SA.
TIRE COMPANY DEBICA S.A. 
