During the Ordinary General Meeting of Shareholders of OEX, which took place on 25 August 2020, the shareholders took a decision to pay the biggest dividend in the Company’s history in the amount of approx. PLN 17.6 million (PLN 2.32 per one share participating in the dividend). The remaining part of the profit earned in 2019, i.e. approx. PLN 14.9 million, was allocated to the Company’s supplementary capital. The dividend day was set for 3 September, and the dividend payment shall take place on 11 September 2020.
‘We are distributing more than one half of the profits earned last year, including the profit from the sale of our subsidiary ArchiDoc. The dividend payment will not, however, impact the safe implementation of the development strategy we adopted or the performance of the investments planned,’ said Jerzy Motz, President of the Management Board of OEX.
The Company has not paid dividend since 2016, although it must be stated that in 2019 it purchased its own treasury shares constituting 5.27 per cent of its share capital, paying PLN 19 per share. The total amount allocated for this purpose was PLN 8 million.
The funds obtained from the transaction of the sale of shares in ArchiDoc allowed the Group to lower its debt level significantly. At the end of March 2020, the Company, on a consolidated basis, had a record level of cash in the amount of PLN 59.3.