Change in dividend policy in connection with update of investment plan - komunikat spółki PEIXIN INTERNATIONAL GROUP N.V. (peixin) - komunikat ESPI

2014-05-25

Komunikat spółki

RAPORT BIEŻĄCY

KOMISJA NADZORU FINANSOWEGO

Raport bieżący nr

2014

Data sporządzenia:

2014-05-25

Skrócona nazwa emitenta

PEIXIN

Temat

Change in dividend policy in connection with update of investment plan

Podstawa prawna

Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne

Treść raportu:

The Management Board of Peixin International Group N.V. (the "Company") informs that in connection with an update of investment plan disclosed in current report No. 12/2014, on 25 May 2014, the Company decided to adjust its foregoing dividend policy, particularly increasing payout ratio after the year 2016. Distribution percentage shall increase in time, as the Company currently executes significant investment plan. Company intends to pay future dividends in the following manner: - 10-30% of consolidated profits for years 2014-2015 – in those year the Company shall pursue with execution of its investment plan, therefore final percentage of dividend distribution should depend on pace of investment process, size of external financing acquired and amount of internally generated funds, - 30-50% of consolidated profits for year 2016, - 50-70% of the consolidated profits for years after 2016 – upon completion of investment plan the internally generated sources should be sufficient enough to both finance any further investment needs (if required) and share significant portion of profits with shareholders. The dividend policy will be reviewed periodically and payment of any future dividends will be effectively made at the discretion of the Management Board and the Shareholders’ Meeting after taking into account the Company’s earnings, cash flow, financial condition, capital investment requirements and other factors.

PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
Data	Imię i Nazwisko	Stanowisko/Funkcja	Podpis
2014-05-25	Hongyan Dai	Member of Management Board	Hongyan Dai
2014-05-25	Kaida Xie	Member of Management Board	Kaida Xie

Nazwa jednostki:	PEIXIN INTERNATIONAL GROUP N.V.
Nazwa skrócona jednoskti:	PEIXIN
Adres:	Prins Bernhardplein 200, 1097 JB Amsterdam
Telefon:	0086 - 0595 - 22458888
Fax:	0086 - 0595 - 22456781
Email:	disclosures@fjpeixin.com
www:	www.peixin.com
NIP:	RSIN 852966982
REGON:	58288449

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