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Dividend paymentOn 10 May 2010, pursuant to Resolution no. 8, the Annual General Meeting resolved to allocate the whole 2009 net profit of PLN 51,935,787.57 to a special purpose reserve fund dedicated to share buyback (see below). Decisions regarding any future dividend payments will depend on the Company’s financial condition, including results of operations, the necessity to incur capital expenditures, availability of capital reserves and other matters that management may consider relevant. The Company’s senior credit facility, extended pursuant to the agreement dated 7 December 2009, restricts the Company from declaring or paying dividends under certain conditions. Special purpose reserve fundBy virtue of Resolution No. 15 of the Annual General Shareholders Meeting of May 10th 2010, a special account was set up to finance the Company’s share buyback programme. The following amounts have been allocated to the special account::
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