Grenevia S A : 09/2023 Recommendation to retain profit for 2022
April 23, 2023
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GRENEVIA S.A.
Current Report No. 9/2023
POLISH FINANCIAL SUPERVISION AUTHORITY
Current Report No.
9
/
2023
Date:
April 24th 2023
Abbreviated issuer name:
GRENEVIA S.A.
Subject:
Recommendation to retain profit for 2022
Legal basis:
Article 17(1) of MAR - Inside information
Text of the report:
The Management Board of GRENEVIA S.A. of Katowice ("GRENEVIA", the "Company") announces that today it has passed a resolution to request the Company's Annual General Meeting to allocate the Company's entire profit for 2022, of PLN 252,356,340.64, to the Company's statutory reserve funds.
Considering the new strategic directions adopted in May 2021 to transform the GRENEVIA Group into a holding company investing in green transition and in view of the significantly higher uncertainty affecting global markets due to the war in Ukraine, the Management Board of GRENEVIA S.A. believes it is justified and reasonable to allocate the Company's entire 2022 profit of PLN 252,356,340.64 to statutory reserve funds and not to pay any dividend for 2022 in order to ensure that the Company has adequate liquidity and funds are secured for potential acquisitions of companies in the renewable energy sector in line with the stated strategy.
The recommendation will be presented for assessment by the Supervisory Board. A final decision on the allocation of profit for 2022 will be made by the Annual General Meeting.
GRENEVIA Spółka Akcyjna
(full issuer name)
GRENEVIA S.A.
Electromechanical (ele)
(abbreviated issuer name)
(sector according to the WSE)
40-202
Katowice
(postal code)
(city/town)
Al. Roździeńskiego
1a
(street)
(number)
(+48 32) 359 63 00
(+48 32) 359 66 77
(phone)
(fax)
sekretariat@grenevia.com
www.grenevia.com
(email)
(www)
634-012-62-46
270641528
(Tax Identification Number − NIP)
(Industry Identification Number - REGON)
SIGNATURES OF AUTHORISED REPRESENTATIVES
1
Polish Financial Supervision Authority
GRENEVIA S.A.
Current Report No. 9/2023
Date
Full name
Position
Signature
Vice President of the
April 24th 2023
Tomasz Jakubowski
Management Board, Chief
Operating Officer,
Underground segment
April 24th 2023
Zdzisław Szypuła
Commercial Proxy
2
Polish Financial Supervision Authority
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Disclaimer
Grenevia SA published this content on 24 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 11:16:09 UTC.
Grenevia SA, formerly known as Famur SA, is a Poland-based company engaged in the manufacturing of mining machinery, and green energy technologies. The Company is active in multiple sectors: Mining Equipment and Machinery, Clean Energy Generation, Energy Storage and Batteries, and Energy Distribution and Metering. Mining Equipment and Machinery is a sector in which the Company produces automated longwall systems enabling the exploitation of coal, equipment for underground mines and open pits, as well as bulk material handling equipment and machines for coal preparation plants. Clean Energy Generation is a sector in which the Company focuses on producing clean energy such as solar and wind energy. Energy Storage and Batteries is a sector focused on e-mobility, energy storage, and batteries. Energy Distribution and Metering sector focuses on the transmission and distribution of energy, energy metering, and smart grids. The Company operates through its multiple subsidiaries.