The 28th ordinary shareholders’ meeting of IMMOFINANZ AG on 19 October 2021 resolved upon a dividend distribution for the business year 2020 of EUR 0.75 per share bearing dividend entitlement.
Pursuant to the resolution of the shareholders’ meeting of 19 October 2021 the dividend distribution shall be qualified under Austrian tax law as repayment of capital according to section 4 para 12 Austrian Income Tax Act.
The dividend is due and payable on 25 October 2021 (Dividend-Payment-Date). The shares of IMMOFINANZ AG are traded at the Vienna Stock Exchange and Warsaw Stock Exchange from 21 October 2021 ex dividend for the business year 2020 (Dividend Ex-Date). The relevant date for the securities account balance to receive a dividend (Record Date) is 22 October 2021.
The documents for the annual general meeting were published on schedule in the section General Meeting.
After careful consideration of all relevant circumstances and the possible consequences of the COVID-19 pandemic, the Executive Board and Supervisory Board of IMMOFINANZ AG approved a recommendation to the annual general meeting on 1 October 2020 to waive the dividend for the 2019 financial year and carry forward the balance sheet profit. This recommendation did not represent a departure from the continuous dividend policy generally followed by IMMOFINANZ but was intended to preserve the company’s capital strength in view of the exceptional situation caused by the COVID-19 pandemic. The annual general meeting approved this proposal by a majority of nearly 99%.
The 27th Annual General Meeting has taken place on 1st of October 2020. In order to protect the shareholders and other participants, this was held as a virtual General Meeting and was broadcast live on the Internet.
The resolutions and votes as well as other documents concerning for the AGM can be found here.