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PHN pays out dividends – 1.30 zlotys per share

PHN Tower - visualization at night
PHN Tower - visualization at night
The management board of Polski Holding Nieruchomości SA informed that it will be calling for allocation of half of the profit generated in 2014 for paying out of a dividend for shareholders.

In accordance with the resolution adopted on 12th May this year, the management board of PHN is going to put forward a proposal to the Annual General Meeting concerning distribution of a net profit generated in 2014 which totals over 120.8 million zlotys. According to recommendations of the management board, ca. 60.7 million zlotys would be intended for paying out of a dividend for shareholders of the partnership in the amount of 1.30 per share. The rest of the profit intended for supplementary capital – that is ca. 60.2 million zlotys – would support i.a. realization of new developer investments of the partnership.

 

In the process of making a decision concerning a dividend, the management board followed a purpose declared in the PHN SA strategy of sharing the increase in goodwill with the stockholders in the form of a dividend. Moreover, it took into consideration a present financial situation and planned cashflows of the capital group including expected investment plans and possibility of obtaining financing for their realization – said Włodzimierz Stasiak, Member of the Board in Polski Holding Nieruchomościami SA, who is responsible for partnership’s finances.

 

According to proposal presented by the management board of PHN, the day giving the right to dividend and its payout is envisaged on 19th August and 26th August this year. 

 

The list of planned investments of the company includes i.a. a building project of PHN Tower office class A which is located in the neighborhood of  Central Business District in Warsaw. The planned rentable gross area amounts to ca. 43 808 sq. m.

 


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