Opinion of the Supervisory Board on the payment of dividend

The Management Board of LIVECHAT Software SA in Wrocław (the “Company”) announces that on August 11, 2020 it became aware of the adoption by the Supervisory Board of a decision, according to which it positively recommended to the General Meeting convened on August 18, 2020 the adoption of the Management Board’s proposal on the distribution of profit for the financial year 2019/2020.

According to the adopted resolution, the Supervisory Board recommends to the General Meeting the following division of the separate profit of LiveChat Software SA, which amounted to PLN 75,828,897.97:

  • to allocate PLN 11 968 987.97 to top up the reserve capital
  • to allocate PLN 63 860 000,00 for the payment of dividend to shareholders; which means that the value of the dividend per share will be PLN 2.48 (including the advance payment for the expected dividend paid in January 2020 and the second payment for the dividend - the value of the first advance payment was PLN 0.60 per share, and the value the second advance is PLN 0.60 per one share).
  • The dividend will be distributed among 25,750,000 shares of the Company.

The Management Board recommends setting the Dividend Day on 25 August 2020 and the payment date on 1 September 2020.