ESPI 36/2024 Conditional Dividend Advance payment for 2024

The Management Board of IMS S.A. (the ‘Company’) announces that, acting pursuant to Article 349 § 1 of the Commercial Companies Code in conjunction with the disposition of § 22 point 3 of the Company’s Articles of Association, in view of the approval by the Ordinary General Meeting of the Company’s financial statements for the financial year 2023 showing a net profit, and in view of the auditor’s audit of the Company’s interim financial statements for the first half of 2024, which also showed a net profit for the Company, on 23 October 2024 adopted a resolution on the payment of an advance in the amount of PLN 0.16 (sixteen cents) towards the dividend for the financial year 2024, for each of 35,094,086 shares in the Company (‘Dividend Advance’).

For the payment of the Dividend Advance, the Management Board allocates the amount of PLN 5,615,053.76 (five million six hundred and fifteen thousand fifty-three zlotys and seventy-six cents), consisting of: (i) half of the net profit shown in the Company’s interim financial statements for the first half of 2024, i.e. the amount of PLN 3,314,808.79, and (ii) the amount of PLN 2,300,244.97 coming from the reserve capital created from the Company’s profit from previous years or from the transfer to the reserve capital of a part of the reserve capital to the extent coming from the Company’s profit from previous years.

The Management Board of the Company indicated the date of 3 December 2024 as the date as of which the entitled to the Dividend Advance is determined, while the date of payment of the Dividend Advance was set as 6 December 2024.

The aforementioned payment of the Dividend Advance is in line with the dividend policy pursued in the IMS Group described in detail in ESPI report 8/2024 dated 21.03.2024.

The conditions for the payment of the Dividend Advance are:

– adoption by the General Meeting of the Company of a resolution to create a reserve capital of the Company with an allocation of at least PLN 2,300,244.97 for the payment of the Dividend Advance and authorization of the Management Board to dispose of the aforementioned amount for the payment of the Dividend Advance – the Extraordinary General Meeting of the Company including in its agenda the adoption of the aforementioned resolution will be convened in the coming days,

– granting by the Supervisory Board of the Company of the consent referred to in Article 349 § 1 of the Code of Commercial Companies in connection with § 16.2.6 of the Articles of Association of the Company.

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