Vita 34 AG: Proposed resolution to the Annual General Meeting on the suspension of the dividend
Vita 34 AG / Key word(s): Dividend
DISCLOSURE OF AN INSIDE INFORMATION ACC. TO ARTICLE 17 MAR
Proposed resolution to the Annual General Meeting on the suspension of the dividend
The Management Board and Supervisory Board regard the continuity of dividend payments as a key objective. The 2019 financial year was very successful for the Vita Group. However, against the background of the global SARS-CoV-2 pandemic and its economic consequences, the Management Board and Supervisory Board are cautious and propose that the dividend for the 2019 financial year be suspended. This should help to secure liquidity, competitiveness and jobs in the Company even in times of crisis.
The Management Board and the Supervisory Board have therefore decided today to propose to the Annual General Meeting that the balance sheet profit of EURO 1,530,184.01 reported in the annual financial statements of Vita 34 AG as of 31 December 2019 be transferred in full to other revenue reserves.
Notifying persons: Dr. Wolfgang Knirsch (CEO), Falk Neukirch (CFO)
05-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Vita 34 AG|
|Deutscher Platz 5a|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1036093|
|End of Announcement||DGAP News Service|