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Summary of Agora Group's ESG activities in 2023

RESPONSIBLE BUSINESS, AGORA, NAJNOWSZA AKTUALNOść (TOOLBAR)

Summary of Agora Group's ESG activities in 2023

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    Company data

    AGORA S.A.
    Czerska 8/10 Street
    00-732 Warszawa

    AGO 0%
    mWIG40 0%
    WIG-MEDIA 0%

    Regon: 11559486
    Numer KRS: 59944
    NIP: 526-030-56-44

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    May 7, 2015 / 17:45

    06/2015 Recommendation of the Management Board of Agora S.A. not to pay dividend for 2014

    The Management Board of Agora S.A. with its registered seat in Warsaw (the Company) hereby informs that on May 7, 2015, the Company decided not to recommend to the Annual General Meeting of Shareholders of Agora S.A. the payment of dividend due to the non - consolidated net loss for the fiscal year 2014.

    The Company received, from its legal advisors, law firm Weil, Gotshal & Manges - Pawel Rymarz the limited partnership company, legal advice on dividend payment for the fiscal year 2014. After the analysis of views and arguments on the feasibility of dividend payment for the fiscal year in which the Company booked a net loss, the legal advisors indicated legal umbiguity as well as personal liability of the members of the Company's governing bodies for illegal dividend payment. The legal advisors recommended the Management Board not to pay the dividend from the retained earnings for the year in which the Company booked a net loss.

    In the Company's opinion, in the face of legal doubts concerning the feasibility of the dividend payment for the fiscal year 2014 it is justifiable not to pay the dividend for the fiscal year 2014.

    The above motion received a positive opinion of the Supervisory Board.

    Due to the facts stated above, the Management Board of Agora S.A. shall not recommend to the Annual General Meeting of Shareholders of Agora S.A. passing a resolution on dividend payment.

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