Shareholders have ultimately closed last financial year and decided to pay a dividend of nearly PLN 2.2 bln.

The General Meeting of Echo Investment Shareholders decided to pay the first dividend in the history of the company. Shareholders will receive PLN 2.175 bln i.e. PLN 5.27 per share. An advance towards the dividend has already been paid in two instalments – on February 10th, 2016 and April 22nd, 2016. The remaining part of the dividend – PLN 1.585 bln i.e. PLN 3.84 per one share – is to be paid to shareholders" accounts on July 8th, 2016. Shareholders will be entitled to the remaining part of the dividend on the condition that they will hold shares of the company on July 5th, 2016. The total dividend rate for 2015 will amount to 66 pct (taking into consideration the closing share price on June 27th, 2016). It is one of the highest dividend indexes in the history of the Warsaw Stock Exchange. Participants of the General Meeting also decided that the remaining part of the net profit from last year – over PLN 784 mln – should be earmarked for the company"s supplementary capital. “After twenty years of its operations and presence on the WSE, Echo Investment can afford to generously share its profits with shareholders. At the same time resolutions of the general meeting provide the company with good conditions for the development of its operations. We are the largest Polish developer and we meet all the conditions of becoming the most effective company in this sector. Our competences, excellent familiarity with the business and a group of experienced employees allow us to start more and more ambitious projects while maintaining our financial stability,” says Nicklas Lindberg, CEO Echo Investment. The General Meeting of Shareholders also approved the management"s report on the operations of the company and the capital group in 2015 and it granted a vote of acceptance to all the members of the management board and supervisory board who held their positions in 2015. Shareholders also passed amendments to the company"s statute, which regulated the issue of joint representation of the company by the management by way of introducing the obligation for the president or vice-president of the management board to be present in each form of such representation. Echo Investment has built over 120 office, retail, hotel and residential projects with a combined leasable and useable area of over 1.1 mln sqm. The company has just completed the construction of the largest and most ambitious project in its history – the Q22 office building in the centre of Warsaw, which the first few tenants are already moving into. The company is preparing for taking up another challenge – comprehensive development of the former area of the Warsaw Brewery, where a residential and office area of app. 100,000 sqm is to be built. Echo Investment currently has 47 residential, office and retail projects under construction or preparation. They have a combined leasable and useable area of over 500,000 sqm.