Oponeo has adopted a dividend policy, providing for the payment of 10-35% of net profit

In line with the adopted dividend policy for 2022-2026, Oponeo will recommend the company's general meeting to pay dividends in the amount of 10% to 35% of the net profit for the given financial year, the company said.

"When recommending the distribution of net profit, the management board will take into account the current and forecast market situation, the financial and liquidity situation of the company and the capital group, as well as development prospects and related investment needs" - reads the release.

The established dividend policy will apply from the distribution of the company's profit for 2021, it also said.

The Oponeo Group, based in Bydgoszcz, is a leader in online tire sales in Poland, operating in several European countries. The company has been listed on the WSE since 2007. Its consolidated sales revenues reached PLN 1.51 billion in 2021.

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