Dividend

Information on the dividend payment of Medicalgorithmics SA is announced in the form of current reports. The right to dividend is vested in investors whose accounts will contain shares of Medicalgorithmics SA on the dividend day.

Pursuant to Art. 395 § 2 item 2 of the Code of Commercial Companies, the body competent to make decisions on profit distribution and dividend payment is the General Meeting. The General Meeting adopts a resolution on whether and what part of the profit should be allocated to the payment of dividends. The profit distribution proposal approved by the Supervisory Board is presented to the Ordinary General Meeting by the Management Board. According to Art. 395 § 1 of the Code of Commercial Companies, the Ordinary General Meeting should be held within six months after the end of the financial year.

Art. 348 § 3 of the Code of Commercial Companies stipulates that the General Meeting of a public company sets the dividend date, i.e. the date of establishing the right to dividend and the date of dividend payment. The dividend day may be set on the day of adopting the resolution or within the next three months from that day.
Pursuant to § 106 sec. 2 of the Detailed Principles of KDPW Operation, at least ten days must elapse between the date of determining the right to dividend and the date of dividend payment. Pursuant to § 5 sec. 1 of the KDPW Rules, the running of these deadlines is calculated taking into account business days, excluding Saturdays. The claim for dividend payment is subject to a ten-year limitation period.

The dividend for holding the Company’s shares is paid to the shareholders on the “dividend payment date”. The dividend payment process is carried out through the depository system of the National Depository for Securities (KDPW).

The Ordinary General Meeting determines the gross dividend. Shareholders receive a net dividend, i.e. after deducting the tax due in the territory of the Republic of Poland.