14.9.5. PROPOSAL TO COVER PARENT COMPANY’S NET LOSS FOR 2020 AND THE DIVIDEND PAYMENT IN 2021
Proposal to cover parent company’s net lossfor 2020 and the dividend payment in 2021
The Management Board of PKN ORLEN recommends to cover the net loss in the amount of PLN 2,355,671,374.21 from the Company’s reserve capital. Taking into account the implementation of a transparent dividend policy, resulting from the adopted by PKN ORLEN Strategy for 2020-2030, the Management Board of PKN ORLEN recommends the amount of PLN 1,496,981,713.50 for dividend payment (PLN 3.50 per share) from the Company’s reserve capital from the previous year’s profit.
The Management Board of PKN ORLEN proposes 22 July 2021 as the dividend day and 5 August 2021 as the dividend payment date. The recommendation of the Management Board will be presented to the Ordinary General Shareholders’ Meeting of PKN ORLEN, which will make a conclusive decision in this matter.