Vossloh Aktiengesellschaft
Vossloh Aktiengesellschaft: Executive Board and Supervisory Board recommend suspending dividend payments for the 2019 fiscal year – virtual Annual General Meeting scheduled for May 27, 2020
Vossloh Aktiengesellschaft / Key word(s): Dividend Due to the restrictions on gatherings caused by the COVID-19 pandemic, the Executive Board and the Supervisory Board determined today to make use of the new legal regulations to limit the effects of the pandemic of March 27, 2020 and to conduct the 2020 Annual General Meeting virtually, without the physical presence of shareholders. The Annual General Meeting remains scheduled for May 27, 2020. In addition, the Executive Board and the Supervisory Board decided today on an adjustment of the original dividend proposal. At the time the annual financial statements were prepared on February 28, 2020, the intention was to recommend a dividend of €1.00 per share, which would have been unchanged from the previous year. Since then the global effects of the pandemic have increased significantly. As a result of the corresponding increase in uncertainty surrounding the further business performance of the Vossloh Group, the Executive Board and the Supervisory Board determined to propose to the Annual General Meeting the suspension of the dividend payments for the 2019 fiscal year. The adjusted proposal for the appropriation of profit will contribute significantly to the strengthening of Vossloh AG’s balance sheet. The invitation to the Annual General Meeting together with the corresponding agenda is expected to be disclosed in the German Federal Gazette (Bundesanzeiger) and published on the Vossloh AG website (www.hauptversammlung.vossloh.com) on April 20, 2020. Contact: Vossloh Aktiengesellschaft Investor Relations Dr. Daniel Gavranovic Phone: +49-2392-52-609 Mail: Investor.relations@vossloh.com
16-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Vossloh Aktiengesellschaft |
Vosslohstr. 4 | |
58791 Werdohl | |
Germany | |
Phone: | +49 (0)2392 52 – 359 |
Fax: | +49 (0)2392 52 – 219 |
E-mail: | investor.relations@vossloh.com |
Internet: | www.vossloh.com |
ISIN: | DE0007667107 |
WKN: | 766710 |
Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1022877 |
End of Announcement | DGAP News Service |