After careful consideration of all circumstances known at the present time and the possible consequences of the Covid-19 pandemic, the Executive Board and Supervisory Board had approved a recommendation to the 27th Annual General Meeting which called for the waiver of a dividend for the 2019 financial year and the carry forward of balance sheet profit. This recommendation does not represent a departure from the continuous dividend policy generally followed by IMMOFINANZ, but is intended to preserve the company’s capital strength in view of the exceptional situation caused by the Covid-19 pandemic.
The shareholders have approved this proposal, therefore no dividend will be paid for the 2019 business year and all retained earnings will be carried forward to new account.
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.