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.
TAG Immobilien AG
Head of Investor Relations & Public Relations
Phone +49 (0) 40 380 32 305
Fax +49 (0) 40 380 32 388
End of Inside Information
|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:||1772163|
|End of Announcement||EQS News Service|