PL
Integrated
Report 2021

Shareholders and investors

  • GRI: 102-5

The Company’s shares have been listed on the Warsaw Stock Exchange since 16 January 1996. At present, the company’s shares are quoted in the mWIG40 index. As at 31 December 2021, the number of all issued shares of Grupa Kęty S.A. was 9,650,152 with the nominal value of 2.50 PLN each. The list of shareholders holding more than 5% of shares as at 31 December 2020 and 2021 is as follows:

Number of shares
as at 31.12.2021		 Percentage
of capital		 Number of shares
as at 31.12.2020		 Percentage
of capital
Nationale Nederlanden OFE 1,527,094 15.82% 1,858,073 19.30%
OFE AVIVA Santander 1,262,355 13.08% 1,297,681 13.48%
OFE PZU ZŁOTA JESIEŃ 843,143 8.74% 847,272 8.80%
AEGON PTE 654,718 6.78% 692,995 7.20%
MetLife OFE 580,562 6.02% 542,834 5.64%
PTE Allianz Polska 490,167 5.08% 503 871 5.23%
Others 4,782,280 49.56% 4,390,502 45.59%
Total 9,650,152 100.00% 9,629,357 100.00%

After the balance-sheet date, on 31 May 2022, the Company received from Powszechne Towarzystwo Emerytalne Allianz Polska S.A., managing the Allianz Polska Otwarty Fundusz Emerytalny (hereinafter referred to as OFE) and Allianz Polska Dobrowolny Fundusz Emerytalny (hereinafter referred to as DFE), a notification stating that as a result of a transaction in the Issuer’s shares on 23 May 2022 the percentage of the share capital held and the total number of votes at the Company in the OFE account and jointly in the OFE and DFE accounts dropped below 5%.

Share quotations

In 2021 (on the basis of closing prices):

  • the average share price amounted to PLN 599.7 (increase by 47% as compared to the preceding year);
  • the lowest price amounted to PLN 478 (on 4 February) and the highest price equalled PLN 706 (on 7 July);
  • the price change throughout the year (between 30 December 2021 and 30 December 2020) equalled +24%; in the same period, the WIG index grew by 22% and the mWIG40 index grew by 33%;
  • the average turnover per session in 2021 amounted to PLN 4.5 million, as compared to PLN 2.6 million in 2020.

Communication with the capital market participants

The information policy of Grupa Kęty S.A. is based on open relations with the existing and potential shareholders with due observance of the fundamental principles governing equal access to information. The Company communicates through:

  • current and interim reports,
  • face-to-face individual and group meetings,
  • electronic tools (corporate website, profiles in social media, online broadcasts of corporate events).

As part of current reporting, the Company announces annual financial forecasts for a given year and objectives of long-term strategies. In addition, it is the only company which discloses preliminary results forecasts for a given quarter one month prior to the publication of the official quarterly statements. The current calendar of corporate events may be found on the corporate website.

Information about the Company and its prospects is also available in reports and recommendations published by leading brokerage houses. The list of analysts who regularly publish reports about the Company is available on the corporate website

Dividend policy

Since 2001, the Company has paid dividend on a regular basis. The present dividend policy provides for the payment of dividend amounting to 60–100% of consolidated net profit of Grupa Kęty S.A. The Management Board has assumed that the payment of dividend during the implementation period of the ‘Strategy 2021–2025’ will amount to the average of 85% of Grupa Kęty S.A. consolidated net profit. When determining the recommended dividend, the Management Board will take into account, among other things:
  • the Capital Group net debt to consolidated EBITDA ratio calculated as at the last balance-sheet date of the previous reporting year with the maximum level of 2.0;
  • time shifts applicable to the dividends receivable from the subsidiaries, which affect the maximum level of the recommended dividend;
  • the value of potential and feasible acquisitions;
  • the value of capital expenditure planned to be incurred in the year of dividend payment.

In 2021 Grupa Kęty S.A. paid out PLN 430,073,000 dividend (PLN 44.57 per share), which represented roughly 100% of consolidated net profit for 2020, and in the preceding year the Company paid out PLN 336,654,000 dividend (PLN 34.99 per share), which represented ca. 114% of the consolidated net profit for 2019.

PLN 430
million
Dividend paid in 2021
Management Board
Business model and value creation model