TAG Immobilien AG: Suspension of the dividend for FY 2022 planned to further strengthen the capital and financing base
TAG Immobilien AG / Key word(s): Dividend
Suspension of the dividend for FY 2022 planned to further strengthen the capital and financing base
TAG’s Management Board and Supervisory Board plan not to propose a dividend payment for financial year 2022 at the Annual General Meeting, which resolves the appropriation of profits for FY 2022.
Management and Supervisory Board feel that the current market environment calls for consistent measures to address adequately the prevailing uncertainty in the capital markets. The development of inflation as well as strongly increased interest rates are having an impact in the form of volatile capital markets and investment markets that are difficult to assess. With this in mind, the Management and Supervisory Boards are endeavoring to take all measures that are possible and appropriate using the company’s own resources and independently of unpredictable market developments. After careful consideration of the advantages and disadvantages from TAG Immobilien AG’s shareholders point of view, suspending the dividend is a consequential measure. In combination with the refinancing measures already implemented for 2023, this places the company’s capital and financing basis on a sustainably stable foundation for the years ahead.
Further information in connection with the refinancing measures already implemented for 2023 can be found in the Company's regular reporting on the third quarter of 2022.
Contact:TAG Immobilien AG
Head of Investor&Public Relations Dominique Mann
Tel. +49 (0) 40 380 32 - 300
Fax +49 (0) 40 380 32 388
|Company:||TAG Immobilien AG|
|Phone:||040 380 32 0|
|Fax:||040 380 32 388|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange|
|EQS News ID:||1492983|
|End of Announcement||EQS News Service|