ESPI 19/2020 Opinion of the Supervisory Board on the Management Board’s recommendation to pay dividends for 2019

With reference to the current report no 15/2020, the Management Board of IMS S.A. (“Company”) informs that today the Supervisory Board of the Company adopted a resolution on positive assessment of the Management Board’s motion to temporarily suspend its dividend policy.

In accordance with the decision of the Management Board – taking into account the occurrence of the epidemic of coronavirus SARS-CoV-2, causing COVID-19 disease and its impact on the activity of IMS S.A. – The dividend payment policy applied by IMS S.A. in relation to 2019 (dividend paid in 2020) is suspended.

At the same time, the Supervisory Board of IMS S.A. indicated that – due to a difficult to predict general economic situation – it is appropriate to re-examine at a later date whether and, if so, in what amount the Management Board will issue a recommendation concerning the payment of dividend for the financial year 2019. The Supervisory Board recommended to the Management Board of IMS S.A. to formulate a new proposal concerning the payment of dividend and thus the distribution of profit for the financial year 2019 on the date of convening the Ordinary General Meeting in 2020.

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