Date of preparation	27/03/2023
Current report no.	15/2023

 

The Management Board of TIM S.A. announces that on 27 March 2023 it decided to suspend the application of the provisions of the dividend policy of TIM S.A. for the years 2021-2023, adopted pursuant to the resolution of the Management Board of TIM S.A. adopted on 22 March 2021. This decision follows the conclusion of an investment agreement regarding the announcement of a tender offer for the sale of up to 100% of the shares in the share capital of TIM S.A., which was announced by the Management Board of TIM S.A. in current report No. 14/2023 of 24 March 2023.

Information on the adoption by the Management Board of TIM S.A. of. TIM S.A. dividend policy for the years 2021-2023 was communicated to the public in current report no. 10/2021 of 22 March 2021.

At the same time, the Management Board of TIM S.A. informs that due to the above, the Management Board of TIM S.A. in its motion for profit distribution for 2022 shall not recommend to the General Meeting of TIM S.A. to allocate the profit generated by TIM S.A. in 2022 for the payment of dividends in excess of the amount of PLN 29,968,920, i.e.: twenty-nine million nine hundred sixty-eight thousand and nine hundred twenty zloty gross, paid by TIM S.A. as an advance payment towards the expected dividend for 2022 on 23 December 2022.

The information on the payment of the advance payment towards the expected dividend for 2022 was communicated to the public in current report No. 33/2022 of 16 November 2022.

SIGNATURES OF THE COMPANY REPRESENTATIVES

27/03/2023, Krzysztof Folta – President of the Management Board 27/03/2023, Piotr Tokarczuk – Member of the Management Board