This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program. 3.0
Event:
Value Fund has over 5% shares of LSI Software; supervisory board recommends PLN 0.3 dividend per share.
Yesterday, during WSE trading hours LSI Software informed that Value Fund Poland Activist FIZ increased their stake in the Company to 5.06%/ 7.54% in votes/ shares.
On June 2 the Company revealed that the supervisory board recommended to allocate PLN 0.98 million of FY22 profit for a dividend payout which implies a DPS of PLN 0.30 and a 2.4% dividend yield.
Expected impact: Slightly positive (discounted on Friday and Monday) – earlier the management recommended to retain the whole FY22 profit in the Company