Salzgitter AG

  • WKN: 620200
  • ISIN: DE0006202005
  • Land: Germany

Nachricht vom 20.05.2020 | 14:49

Salzgitter AG: Proposal to suspend dividend for the financial year 2019

Salzgitter AG / Key word(s): Dividend/AGM/EGM
Salzgitter AG: Proposal to suspend dividend for the financial year 2019

20-May-2020 / 14:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The global constraints on economic activities resulting from the Corona pandemic have had considerable impact on the Salzgitter Group's course of business. Consequently, the original proposal for the distribution of profit no longer seems appropriate. The Executive Board and Supervisory Board will therefore submit a proposal to the Annual General Meeting of Shareholders to carry forward the unappropriated retained earnings for the financial year 2019 to new account and, for the first time since the the company's listing in 1998, not to pay dividend.

Moreover, in view of the prohibition on major events, the decision was taken to postpone the Annual General Meeting of Shareholders planned for May 28, 2020 to July 8, 2020, and to hold the meeting as a virtual event. This will ensure that our shareholders are directly informed about the current situation in a timely manner.

 

Contact:
Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de

20-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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