Current reports

Recommendation of the Management Board on the distribution of profit for 2020

Current Report No 9/2021

Date: 6.05.2021

Legal basis: Article 17(1) of MAR – inside information

The Management Board of Medicalgorithmics S.A. (“Company”) announces that on 6 May 2021, in accordance with the published dividend payment policy (Current Report No 9/2017 of 29 May 2017), it adopted Resolution No 2/2021, pursuant to which it recommends that the Company’s Annual General Meeting distributes the entire Company’s net profit for 2020 in the amount of 21.205.222,66 PLN (in words: twenty one millions two thousand five and two hundred twenty two zlotys 66/100) to the Company’s reserve capital (the “Recommendation”).

Preparing the Recommendation, the Management Board took into account the possible financial needs of the Medicalgorithmics Capital Group (the “Group”) resulting from the ongoing COVID-19 pandemic, which may have a temporary negative impact on the Group’s financial results and possible financial needs for continuing technical development of the products in the context of achieving short and long-term plans of the Group.

It should be notated that as at the date of this current report, the Company maintains its current dividend payment policy in the perspective of the following financial years.

The recommendation of the Management Board is subject to approval by the Supervisory Board.

The final decision on the distribution of profit for 2020 shall be taken by the Annual General Meeting of the Company.