WARSAW, Nov 6 (Reuters) - Poland's Warsaw stock exchange could pay out as much as its whole net profit in dividends every year after it is floated on Nov. 9, Chief Executive Ludwik Sobolewski was quoted on Saturday as saying.
In its recently published prospectus ahead of the IPO, that could be worth some 1.2 billion zlotys ($434 million), the bourse said its dividend policy would be to pay out 30-50 percent of its profits to its shareholders every year.
"If we won't need our own capital for investment we will aim at proposing a dividend close to the whole amount of the net profit," Sobolewski told daily Parkiet in an interview when speaking about dividend policy.
"This also means that we want the GPW (Warsaw stock exchange) to become a dividend stock," he added.
The bourse's floatation which will see the state selling a 64 percent stake in one of Europe's most vibrant stock exchanges as part of Warsaw's privatization offensive aimed at securing funds for stretched state coffers. (Reporting by Kuba Jaworowski)