Subject: Supervisory Board recommendation concerning allocation of net profit obtained in 2015
Legal basis: Art. 56 section 1 item 5 of the Offerings Act – updates
In reference to Current Report no. 3/2016 of 10 March 2016 the Management Board of CD PROJEKT S.A. (hereafter referred to as “the Company”) hereby announces that on 27 April 2016 the Supervisory Board of the Company approved the Management Board’s recommendations concerning allocation of the Company’s net profit for 2015.
Following a review of the Company Financial Statement, the Management Board report on Company activities in 2015 and Management Board recommendations submitted to the Supervisory Board, the Supervisory Board recommends to the General Meeting that the Company’s net profit for 2015, in the amount of 336,200,229.96 PLN, be partly allocated towards coverage of losses incurred in the preceding years, with the remainder allocated towards reserve capital. The Supervisory Board also concurs with the Management Board’s request that the General Meeting accede to buyback of Company shares.
This English language translation has been prepared solely for the convenience of English speaking readers. Despite all the efforts devoted to this translation, certain discrepancies, omissions or approximations may exist. In case of any differences between the Polish and the English versions, the Polish version shall prevail. CD PROJEKT, its representatives and employees decline all responsibility in this regard.