Management Board of IMS S.A. (“Company”, “Issuer”) announces that, starting with the dividend for the 2024 financial year, the IMS Group’s dividend policy is changing. The revision concerns two areas:

1/ Timing of dividend payments. Starting with the dividend for 2024, the Company will pay an advance dividend each year. The advance payment will be made in November or December of the financial year to which the dividend relates, and the balance of the dividend amount will be paid in May or June of the following calendar year, following the approval of the financial statements for the financial year to which the dividend relates. Thus, the transfer of dividend funds will be made to the Company’s Shareholders at regular intervals of approximately six months. At the same time, the Management Board informs that the advance payment will constitute approximately 30% – 60% of the expected dividend amount for the entire financial year.

2/ Dividend amount. The previous dividend policy of the IMS Group stipulated that at least 60% of the consolidated net profit attributable to the parent company should be distributed annually to the Shareholders.
 The revised dividend policy, effective as of financial year 2024, provides for the annual distribution to Shareholders of at least 75% of the consolidated net profit attributable to the parent company.

At the same time, the Management Board of the Issuer announces that it maintains its recommendation for the payment of dividends for the financial year 2023, published in ESPI Report No. 7 of 11 March 2024.

Management Board of IMS S.A. (“Company”, “Issuer”), announces that, in view of the very good results for 2023 (the highest revenues and EBITDA in the history of the IMS Group), it will recommend to the Supervisory Board and the Annual General Meeting (“AGM”) of the Company to pay a dividend for 2023 of 27 gr. per share. The aforementioned recommendation implies the appropriation of the amount of PLN 9,151,403.22 for the payment to Shareholders.  The dividend rate, based on the closing price of 08/03/2024, is 6.7%. The dividend will cover 33.894.086 shares. Both the size of the recommended dividend per share and the total dividend amount are the highest ever. The aforementioned recommendation is in line with the dividend policy pursued by the IMS Group, which provides that at least 60% of the consolidated net profit attributable to the parent company is distributed to shareholders on an annual basis. The amount of the dividend proposed for 2023 represents more than 100% of the consolidated net profit attributable to shareholders of the parent company. If the recommended dividend is approved by the AGM, this will be the 12th consecutive year that the Company has shared its profit with Shareholders.