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5-2017 Management resolution regarding dividend

Current report 5/2017

Orange Polska S.A. – Warsaw, Poland

13 February 2017

 

Pursuant to Art. 17 clause 1 of the Regulations (eu) no 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (hereinafter “MAR Regulations”) the Management Board of Orange Polska S.A. (“Orange Polska”, “the Company”) hereby informs about a decision regarding the dividend payment declaration. 

On 13 February 2017, the Management Board of Orange Polska adopted a resolution on dividend recommendation to be paid in 2017.

Management has decided to maximise cash allocation to strategic investment projects (including fibre network rollout and 4G/LTE network) and therefore will recommend not paying any dividend in 2017 for the year ended 31.12.2016. This decision is responsible and for the good of the Company and its shareholders as market repair is progressing slower than previously anticipated and more offensive actions are needed.

The ultimate decision concerning dividend will be made by the General Meeting of Shareholders of Orange Polska. 

 

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