Current reports

Recommendation of the Management Board of TELL S.A. concerning the distribution of profit for 2014

Current report number: 45/2015

Data: 22 October 2015

Polish Financial Supervision Authority
Pl. Powstańców Warszawy 1
00-950 Warszawa

Pursuant to §38 clause 1 item 11) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodical information to be disclosed by security issuers and on conditions of recognition of information required by the laws of a state that is not a member-state (consolidated text in Journal of Laws Dz.U.133.2014), the Management Board of Tell S.A. hereby wishes to inform whom it may concern that it intends to put forward to the Supervisory Board and then to the Extraordinary General Meeting of Shareholders the proposal of the allocation of the net profit disclosed in the 2014 financial statements in the amount of PLN 5,533,338.44 (say: five million five hundred and thirty-three thousand three hundred and thirty-eight Polish zlotys and 44/100) as follows:
– payment of dividend in an amount of PLN 0.60 per one share in the Company,

– supplementary capital in an amount remaining after the payment of the dividend.

The Management Board proposes that the dividend day be 11 December 2015 and the dividend payment day – 29 December 2015.

Legal basis: Art. 56 clause 1 item 1 of the Offering Act – Confidential Information

Signed:  Rafał Stempniewicz – President of the Management Board