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Dividend

Year Dividend in
total (m PLN)
Dividend
per share
% of net
profit
Dividend
day
Dividend
rate
Dividend
payment day
2016 6.007 8.24 59.97% 30.05.2017 2.19% 14.06.2017
2015 4.731 6.49 50.15% 18.05.2016 2.60% 3.06.2016
2014 4.090 5.61 56.11% 27.05.2015 2.40% 12.06.2015

Dividend policy

VIGO Photonics’ updated development strategy is to allocate all profit earned to investments. In the opinion of the Board of Directors, a return to the dividend payment policy (at least 50% of profit) will be possible after 2020, at which time the Company expects to see the effects of planned and ongoing investments.

The final recommendation on dividend payment will depend on a number of factors regarding the Company and its industry, including, first and foremost, the prospects for further operations of  VIGO Photonics, the amount of profits earned in the future, the Company’s financial position, and taking into account any restrictions on dividend payments, the level of liquidity ratios, expansion plans and legal requirements for the above elements.

The amount of dividends recommended by the Board of Directors will depend on the Company’s need to retain the profits earned in order to use them for the Company’s operations and further dynamic development.