Dividend for the year 2020



Current report no.



TIM S.A. with its registered office in Wrocław acting pursuant to § 19, sec. 2 of the Regulation of the Minister of Finance of 29 February 2018 on current and periodical information published by issuers of securities as well as the conditions for the recognition as equivalent of the information required by legal regulations of the country that is not the Member State _ Journal of Laws of 2018, item 757_ notifies that on 15 June 2021 the Ordinary General Meeting of TIM S.A. adopted a resolution No. 8/15.06.2021 on the payment of dividend for the year 2020. Under the above mentioned resolution the Ordinary General Meeting of TIM S.A. has adopted the amount of the dividend for the year 2020 in the amount of PLN 48 838 240 (in words: forty-eight million eight hundred and thirty-eight thousand two hundred and forty zlotys) gross, which gives the amount of PLN 2.20 (in words: two zlotys and twenty groszy) per 1 (in words: one) share, of which the amount of PLN 26 639 040 (in words: twenty-six million six hundred and thirty-nine thousand and forty zlotys) gross, that is: PLN 1.20 (in words: one zloty and twenty groszy) gross per 1 (in words: one) share was paid on 30 December 2020 as an advance against dividend for the financial year 2020, of which the amount of PLN 5 549 800 (in words: five million five hundred and forty nine thousand eight hundred zlotys) came from the profit generated by the Company in the period from 01.01.2020 to 30.06.2020, whereas the amount of PLN 21 089 240 (in words: twenty one million eighty-nine thousand two hundred and forty zlotys) came from the funds accumulated in the dividend fund. 

As per the above mentioned resolution the Ordinary General Meeting of TIM S.A. has decided that the amount left for the payment of the dividend for the year 2020 of PLN 22 199 200 (in words: twenty two million one hundred ninety nine thousand and two hundred zlotys) gross, i.e. PLN 1.00 (in words: one zloty) gross per 1 (in words: one) share will be paid to shareholders who on 30 June 2021 (dividend day) are the owners of the shares of TIM SA. 

The dividend will be paid to shareholders on 13 July 2021 (Dividend Payment Date). 

The dividend referred to above covers 22 199 200 shares of TIM S.A. 

The information on the payment of the advance against the dividend for the year 2020 was announced by the Management Board of TIM S.A. to the public in the current report No. 35/2020 published on 20.11.2020.

2021-06-15, Krzysztof Folta – President of the Board
2021-06-15, Piotr Tokarczuk – Member of the Board