BayWa AG: Board of Management resolves proposal to suspend dividend
EQS-Ad-hoc: BayWa AG / Key word(s): Dividend/Annual Results
BayWa AG: Board of Management resolves proposal to suspend dividend
14-March-2024 / 19:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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The Board of Management of BayWa AG today resolved to propose the suspension
of the dividend payment for the financial year 2023 to the Annual General
Meeting on 11 June 2024. The company paid out a regular dividend of EUR 1.10
as well as a special anniversary dividend of EUR 0.10 per share for the
financial year 2022.
The proposal to suspend the dividend payment for the financial year 2023 and
carry the net result for the year of BayWa AG under German commercial law to
new account is due to the clear negative impact of the interest burden and
tax rate on the consolidated net result and comes in spite of the
satisfactory operating performance. The suspension of the dividend serves to
strengthen the equity base.
Results for the financial year 2023 will be published as planned on 28 March
2024.
Contact:
Josko Radeljic, BayWa AG, Head of Investor Relations,
tel. +49 (0)89 / 9222-3887, Fax +49 (0)89/9212 - 3887,
e-mail: josko.radeljic@baywa.de
End of Inside Information
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Language: English
Company: BayWa AG
Arabellastraße 4
81925 Munich
Germany
Phone: +49 (0)89/ 9222-3691
Fax: +49 (0)89/ 9212-3680
E-mail: prcc@baywa.de
Internet: www.baywa.com
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1859331
End of Announcement EQS News Service
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1859331 14-March-2024 CET/CEST