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Polski
On 30 June 2015, the General Shareholders' Meeting of PZU adopted a resolution on the split of all PZU's shares by lowering the nominal value of each of them from PLN 1 to PLN 0.10 and increasing their number, constituting the share capital, from 86,352,300 to 863,523,000. The split took effect through the exchange of all shares in the ratio of 1:10. The split of shares did not affect the value of PZU's share capital.
On 3 November 2015, the District Court of Warsaw, XII Business Division of the National Court Register, registered changes in the PZU's By-laws. According to the resolution of the Board of the National Depository for Securities of 24 November 2015, the split became effective on 30 November 2015.
All shares are paid in full.
At 31 December 2015
| Series/issue | Share type | Type of preference | Type of limitation of right issues | Number of shares | Face value of series/issue (PLN) | Capital coverage | Registration date | Right to dividend (since) |
|---|---|---|---|---|---|---|---|---|
| A | registered | none | none | 40,110 | 4,011 | cash | 23.01.1997 | 27.12.1991 |
| A | bearer’s | none | none | 604,423,090 | 60,442,309 | cash | 23.01.1997 | 27.12.1991 |
| B | bearer’s | none | none | 259,059,800 | 25,905,980 | non-cash contribution | 31.03.1999 | 01.01.1999 |
| Total number of shares | 863,523,000 | |||||||
| Total share capital | 86,352,300 | |||||||
At 31 December 2014
| Series/issue | Share type | Type of preference | Type of limitation of right issues | Number of shares | Face value of series/issue (PLN) | Capital coverage | Registration date | Right to dividend (since) |
| A | registered | none | none | 4,011 | 4 011 | cash | 23.01.1997 | 27.12.1991 |
| A | bearer’s | none | none | 60,442,309, | 60 442 309 | cash | 23.01.1997 | 27.12.1991 |
| B | bearer’s | none | none | 25,905,980 | 25 905 980 | non-cash contribution | 31.03.1999 | 01.01.1999 |
| Total number of shares | 86,352,300 | |||||||
| Total share capital | 86,352,300 | |||||||
The shareholding structure of PZU and information on transactions regarding significant packages of PZU shares are presented in Note 3.
42.1.1 Appropriation of profit of the parent entity
As regards the distributable profit for 2015 and the preceding years, only the profit disclosed in the separate financial statements of the parent entity, drawn up in accordance with the Polish Accounting Standards, is subject to distribution.
42.1.1.1 Appropriation of profit for 2014
On 12 May 2015, the Management Board of PZU applied to the General Shareholders' Meeting of PZU with a proposal for distributing the net profit of PZU for the year ended 31 December 2014 in the amount of PLN 2,636,733 thousand in the following way:
- PLN 2,590,569, i.e. PLN 30 per share would be allocated for the payment of dividends;
- PLN 36,164 thousand would be allocated to the supplementary capital;
- PLN 10,000 thousand would be allocated to the Company's Social Benefits Fund.
On 30 June 2015, the General Shareholders' Meeting of PZU adopted a resolution, compliant with the request of the Management Board of PZU, on the distribution of PZU's net profit for the year ended 31 December 2014.
The dividend payment date was set for 30 September 2015, and the dividend was paid on 21 October 2015.
42.1.1.2 Appropriation of profit for 2015
By the date of signing of consolidated financial statements, the Management Board of PZU had not adopted a resolution concerning appropriation of profit for 2015.
