Siltronic AG / Keyword(s): Dividend
Siltronic AG adjusts its dividend policy and plans a dividend of EUR 3.00 for the financial year 2022
26-Jul-2022 / 13:48 CET/CEST
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Ad hoc announcement / Communication of inside information in accordance with article 17 MAR
Siltronic adjusts its dividend policy and plans a dividend of EUR 3.00 for the 2022 financial year
Germany, Munich, July 26, 2022 – The board of directors of Siltronic AG decided today to adjust the company’s dividend policy.
As before, approximately 40% of consolidated net income attributable to shareholders under IFRS will be distributed. Going forward, however, the distribution will now be limited to a maximum of EUR 3.00 per dividend-bearing share.
Large customer prepayments, high operating cash flow and borrowings are the main components of funding capacity expansions. As communicated previously, the company excludes a capital increase for the current financial year. The dividend cap at EUR 3.00 provides additional liquidity for investments.
At the same time, shareholders must continue to participate adequately in the success of the company: In line with the adjusted dividend policy, the Management Board plans to propose a dividend of EUR 3.00 per dividend-bearing share for the financial year 2022 at the 2023 Annual General Meeting.
The dividend policy reflects the current objectives of the Management Board and may be adjusted in the future. The precondition for the payment of a dividend is the existence of a net distributable profit and a sufficient development of the liquidity of Siltronic AG. In addition, it requires that corresponding proposals for the distribution of profits be made each year by the Management Board and the Supervisory Board, each of which may deviate from the dividend policy in the circumstances then in force. The dividend is decided by the General Meeting of Shareholders.
IS IN: DE000WAF3001
Deutsche Borse: WAF
Trade: Amtlicher Markt (main standard),
Dr. Rupert Krautbauer
Head of Investor Relations & Communication
Such. : +49 (0)89 8564 3133
Email: [email protected]
This ad hoc announcement contains statements regarding our future business and financial performance and future events or developments involving Siltronic that may constitute forward-looking statements. These statements can be identified by words such as “expect”, “look forward to”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “estimate”. , “will”, “plan” or words of the same meaning. These statements are based on current expectations and certain assumptions of Siltronic’s management, many of which are beyond Siltronic’s control. These are subject to a number of risks, uncertainties and factors. Should one or more of these risks or uncertainties materialize, or should underlying expectations fail to materialize or assumptions prove incorrect, Siltronic’s actual results, performance or achievements could (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking information. statement. Siltronic does not intend, nor undertake any obligation, to update or revise these forward-looking statements in light of developments that differ from those anticipated.
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