Selena: Ordinary General Meeting of Shareholders approves payment of dividend

Selena: Ordinary General Meeting of Shareholders approves payment of dividend

Selena Silver forumOrdinary General Meeting of Shareholders of Selena decided to pay a dividend from profit for 2014. The company will pay a dividend of 0.28 PLN per share, for a total of nearly 6.4 million PLN. The date of record is June 15, 2015, and its payout on June 30, 2015.

The Group’s priority for the coming months is to continue the development of innovative products, with particular emphasis on insulation, dry and waterproofing materials, and to strengthen its position in the field of adhesives and sealants on international markets. The company also intends to regularly work to improve operational efficiency in the production process, purchasing, logistics and R&D.

In 2014, Selena Group achieved cumulative sales revenue of 1.1 billion PLN, and net profit amounted to 21 million PLN, which was comparable to the result achieved in 2013. Continuing a policy of dividend the Board of Selena FM SA recommended the payment of a dividend for 2014 in the amount of 0.28 PLN per share. For 2013, Selena Group paid a dividend of 0.28 PLN per share to a total amount of 6.39 million PLN.

The Board of Selena FM SA also announces that the Ordinary General Meeting of Shareholders appointed a Supervisory Board for a joint three-year term, composed of:

Krzysztof Domarecki, Chairman of the Supervisory Board
Borysław Czyżak – Member of the Supervisory Board
Stanislaw Knaflewski – Member of the Supervisory Board
Andrzej Krämer – Member of the Supervisory Board
Sylwia Sysko-Romanchuk – Member of the Supervisory Board


Biographies of the newly appointed members of the Supervisory Board:

Borysław Czyżak is a graduate of the Faculty of Physics of the Adam Mickiewicz University in Poznan, received his PhD at the Polish Academy of Sciences in 1991 and taught students at the University of Technology in Poznan. He received fellowships at Oxford and Stanford University, in the heart of California’s Silicon Valley. In the second half of the nineties, he joined the Warsaw office of McKinsey&Company specializing in strategic consulting. He participated in projects concerning privatization and strategic changes in industrial companies, airlines, telecommunications, and banking. During this time he completed an MMBA program in the Netherlands for McKinsey.

In 2000-2014, he was associated with the Swiss firm Egon Zehnder International and its office in Warsaw. Since 2007, he has been a Partner at Egon Zehnder AG headquarters in Zurich. He also served as CEO of Egon Zehnder in Poland. He specializes in strategic human resources consulting, corporate governance issues and the development of human resources. In recent years he led a number of projects regarding the assistance with mergers and acquisitions of companies, searching for personnel, building supervisory board, audit managers in Poland, Germany, Great Britain, USA and the Middle East. In Poland, he worked with many companies of the WIG20 index, but most of the time he devoted to private companies that are in the hands of their founders. He is a member of the supervisory board of AAA Auto, based in Prague, owned by the Abris fund. It is one of the founders of The Well of Hope Foundation, that builds wells in Africa.

Stanislaw Knaflewski – Master of Law at Adam Mickiewicz University in Poznan and graduate of Master of Law in European Law (LLM) College of Europe, Bruges, Belgium and a Master of Business Administration (MBA) from INSEAD, Fontainebleau, France.

In 1993 – 1994 he worked at the law firm Sołtysiński Kawecki&Szlęzak as a lawyer.

From 1995 – 1999 he worked at the Boston Consulting Group – as a consultant in the office in Paris and manager in the office in Warsaw – a member of the team that created the Warsaw office.

From 1999 – 2013 he worked at Enterprise Investors – initially as a Partner, and since 2009 as a Member of the Board of Directors. He carried out numerous investment projects, he had supervisory ownership of portfolio companies. He participated in the development and implementation of strategies for their development. He has sat on the supervisory boards of public companies: Bulgarian Telecommunications (Member of the Supervisory Board and Chairman of the Investment Committee in Fixed Assets), Stomil Sanok S.A. (Deputy Chairman of the Supervisory Board) and Polfa Kutno S.A. (Deputy Chairman of the Supervisory Board).

Since December 2013 he has been a member of the Supervisory Board and Chairman of the Committee of Nominations in PKP Cargo S.A.

From April 2015 he has been a World Bank consultant in Poland, involved in a project concerning innovation in Polish industry.

Additional information:

Selena Group is a global manufacturer and distributor of construction chemicals in Poland. Selena offers a wide range of products for professional contractors and home users – its key brands are TYTAN, ARTELIT and the Spanish QUILOSA. Selena is one of the world’s three largest manufacturers of PU foam used for door and window installation. The Group offers polyurethane foams, sealants, adhesives, waterproofing products, insulation systems, fixings and complementary products.

The Group comprises 30 companies in 17 countries around the world. Selena’s production plants are located in Poland, Brazil, South Korea, China, Romania, Turkey, and in Spain and Kazakhstan. Global experience gained across many different markets by Selena enables the Group to grow rapidly. Thanks to this experience, Selena is becoming an innovative company and creating new solutions adapted to the needs of users, thereby following the Group’s new mission “Together we are building faster and better – Together we deliver better building performance”.

Selena Group has won numerous awards in the most prestigious rankings. The company was revognised by the Polish President Bronislaw Komorowski in the President’s Economic Award in the category of “Sustainable Success”, and has received, among others, the Teraz Polska title in the category of “Foreign Investment”. The high quality of Selena’s products and their modernity are appreciated by partners and customers, as evidenced by numerous awards.

Since April 2008, shares in the Holding Group – Selena FM SA – are listed on the Stock Exchange in Warsaw.

More information about the company at www.selena.com