Recommendation of the Management Board of TIM S.A. regarding the distribution of profit for 2023
Date of preparation |
2024-04-22 |
Current report no. |
22/2024 |
The Management Board of the TIM S.A. based in Wrocław_“TIM S.A.” or the “Company”_announces that, on 22 April 2024, it drew up a proposal for the Ordinary General Meeting of TIM S.A. regarding the distribution of the net profit disclosed in the financial statements of TIM S.A. prepared for the financial year ended 31 December 2023, whereby the Management Board od TIM S.A. proposes to allocate the entire net profit generated in 2023 to supplementary capital.
At the same time, the Management Board of TIM S.A. announces that, pursuant to Article 382(3) of the Commercial Companies Code, the aforementioned proposal was submitted to the Company’s Supervisory Board, which approved it on 22 April 2024.
The final decision on the distribution of profit for the financial year 2023 is made by the Ordinary General Meeting of the Company.
SIGNATURES OF THE COMPANY REPRESENTATIVES
| 2024-04-22, Krzysztof Folta – President of the Management Board 2024-04-22, Piotr Tokarczuk – Member of the Management Board |