All shares are fully paid.
As at 31 December 2013
| Series/ issue | Share type | Type of preference | Type of limitation of rights issues | Number of shares | Nominal value of series/issue (in PLN) | Capital coverage | Registration date | Cum dividend (as from) |
|---|---|---|---|---|---|---|---|---|
| A | registered | non-preference | none | 4 011 | 4 011 | cash | 23.01.1997 | 27.12.1991 |
| A | bearer’s | non-preference | none | 60 442 309 | 60 442 309 | cash | 23.01.1997 | 27.12.1991 |
| B | bearer’s | non-preference | none | 25 905 980 | 25 905 980 | contribution in kind | 31.03.1999 | 01.01.1999 |
| Total numer of shares | 86 352 300 | |||||||
| Total share capital | 86 352 300 | |||||||
As at 31 December 2012
| Series/ issue | Share type | Type of preference | Type of limitation of rights issues | Number of shares | Nominal value of series/issue (in PLN) | Capital coverage | Registration date | Cum dividend (as from) |
|---|---|---|---|---|---|---|---|---|
| A | registered | non-preference | none | 7 602 | 7 602 | cash | 23.01.1997 | 27.12.1991 |
| A | bearer’s | non-preference | none | 60 438 718 | 60 438 718 | cash | 23.01.1997 | 27.12.1991 |
| B | bearer’s | non-preference | none | 25 905 980 | 25 905 980 | contribution in kind | 31.03.1999 | 01.01.1999 |
| Total numer of shares | 86 352 300 | |||||||
| Total share capital | 86 352 300 | |||||||
25.1.1 Shareholders of PZU
Table below presents PZU’s shareholders structure including shareholders holding at least 5% of the votes at the Shareholders’ Meeting:
As at 31 December 2013
| No. | Shareholder’s name | Number of shares and votes at the Shareholders’ Meeting | Percentage of votes at the Shareholders’ Meeting |
|---|---|---|---|
| 1 | State Treasury | 30 385 253 | 35.19% |
| 2 | Other shareholders | 55 967 047 | 64.81% |
| Total | 86 352 300 | 100% | |
As at 31 December 2012
| No. | Shareholder’s name | Number of shares and votes at the Shareholders’ Meeting | Percentage of votes at the Shareholders’ Meeting |
|---|---|---|---|
| 1 | State Treasury | 30 385 253 | 35.19% |
| 2 | Other shareholders | 55 967 047 | 64.81% |
| Total | 86 352 300 | 100% | |
25.1.2 Transactions involving significant packages of PZU shares
Between 1 January 2013 and the date of signing these consolidated financial statements, as a result of WSE transactions, ING Otwarty Fundusz Emerytalny (the “ING Fund”) first increased and then reduced the number of PZU shares held below the level of 5% of votes at the general meeting. Information concerning the aforesaid transactions was presented in the current reports of PZU (dated 7 February 2013 and 6 June 2013, respectively).
25.1.3 Highest-level parent company of PZU
As at 31 December 2013 the State Treasury of the Republic of Poland (the “State Treasury”) held 35.1875% of PZU shares giving the right to 35.1875% of votes at the Shareholders’ Meeting. Therefore, the there was no higher-level parent company of PZU drawing up its consolidated financial statements.
25.1.4 Distribution of profit of the parent company
As regards the distributable profit for 2013 and the preceding years, only the profit disclosed in the separate financial statements of the parent company, drawn up in accordance with the Polish Accounting Standards, is subject to distribution.
25.1.4.1 Distribution of profit for 2012
On 23 May 2013, the General Shareholders’ Meeting of PZU decided on distribution of the net profit for 2012 in the amount of PLN 2,580,720 thousand in the following manner:
- PLN 2,564,663 thousand for dividend paid to shareholders, i.e. PLN 29.70 per share;
- PLN 6,057 thousand thousand for supplementary capital;
- PLN 10,000 thousand to the Company’s Social Benefits Fund.
The cum dividend date was determined at 23 August 2013, and the dividend payment date at 12 September 2013.
Proceedings against PZU concerning revocation of resolutions on distribution of PZU’s profit for the 2006 financial year have been presented in detail in Section 52.1.
25.1.4.2 Interim dividend for 2013
On 26 August 2013, the Management Board of PZU adopted a resolution concerning payment of interim dividend for 2013 in the amount of PLN 1,727,046 thousand, i.e. PLN 20.00 per share, in accordance with Article 349 of the Code of Commercial Companies, from the profit generated for the period of 6 months ended 30 June 2013 in the amount of PLN 4,679,913 thousand, as per the separate financial statements of PZU prepared for the aforesaid period in compliance with PAS.
On the same day, the Supervisory Board granted their consent for payment of the aforementioned interim dividend. The record date was set as 12 November 2013 and the payment date – as 19 November 2013.
25.1.4.3 Distribution of profit for 2013
By the date of signing these consolidated financial statements, the Management Board of PZU has not adopted a resolution on distribution of profit for 2013.