Quercus TFI recommends no dividend for 2017

Quercus TFI board recommended distributing 2017 profit to reserve capital. It is intended to cover all expenses related to the impact of potential losses on GetBack bonds held by funds managed by the company. Quercus TFI 2017 net profit amounted to PLN 34 million. The board also proposed shareholders to authorize the buyback of shares for the maximum amount corresponding to the profit for 2017. The buyback is planned within a five-year period.