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JSW To Pay A Dividend

The Company’s General Shareholders Meeting adopted a resolution by virtue of which, following the distribution of JSW S.A.’s 2011 net profit, it will allocate PLN 632 million for a dividend for the shareholders.

It means that a dividend in the amount of PLN 5.38 is to be paid per each share. The Annual General Shareholders Meeting has established the dividend date to take place on 6 July 2012, and the dividend payment date – on 24 July 2012. 117,411,596 Company’s shares are covered with the dividend payment.The amount of dividend complies with recommendations of the Company’s Management Board both towards the shareholders and the employees. The Management Board of JSW S.A. underlined that if they add the dividend to the mandatory payment for the benefit of the State Treasury for the period preceding the IPO, the level of profit paid out to the shareholders for 2011 will increase to more than 36 percent.