TAG Immobilien AG: Suspension of the dividend for FY 2023 planned to further strengthen the capital base and to finance investments in Poland with high returns
TAG Immobilien AG / Key word(s): Dividend
Suspension of the dividend for FY 2023 planned to further strengthen the capital base and to finance investments in Poland with high returns Hamburg, 13 November 2023 The Management Board and Supervisory Board of TAG Immobilien AG plan not to propose a dividend payment to the Annual General Meeting, which decides on the appropriation of profits for the 2023 financial year. The liquidity retained in the company as a result will be used to further strengthen the capital base and to finance projects in Poland with high returns in both the sales and rental business. In the company’s view, the suspension of the dividend also ensures a greater independence from the currently volatile and still challenging capital and transaction markets. Further information can be found in the company’s regular reporting for the third quarter of 2023.
Contact
TAG Immobilien AG Dominique Mann Head of Investor Relations & Public Relations Phone +49 (0) 40 380 32 305 Fax +49 (0) 40 380 32 388
End of Inside Information 13-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | TAG Immobilien AG |
| Steckelhörn 5 | |
| 20457 Hamburg | |
| Germany | |
| Phone: | 040 380 32 0 |
| Fax: | 040 380 32 388 |
| E-mail: | ir@tag-ag.com |
| Internet: | www.tag-ag.com |
| ISIN: | DE0008303504 |
| WKN: | 830350 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1772163 |
| End of Announcement | EQS News Service |