Corporate News
Corporate News

IMMOFINANZ shareholders approve dividend increase and elect two new Supervisory Board members

Shareholders approve dividend increase and elect two new Supervisory Board members

The 26th annual general meeting of IMMOFINANZ AG today approved a dividend of 85 cents per share for the 2018 financial year (after 70 cents per share for the 2017 financial year). In addition, Bettina Breiteneder and Sven Bienert were elected to the Supervisory Board. Their terms of office will end with the annual general meeting that will vote on the release from liability for the 2023 financial year.

The Supervisory Board now includes the following six shareholder representatives: Michael Knap (Chairman), Rudolf Fries (Vice-Chairman), Christian Böhm, Nick J.M. van Ommen and the two newly elected members Bettina Breiteneder and Sven Bienert.

The dividend of 85 Euro cents per share will be paid on 28 May 2019. It is classified as a repayment of capital under Austrian tax law and is therefore tax-free (i.e. not subject to withholding tax*) for natural persons who are resident in Austria and who hold IMMOFINANZ shares as part of their private assets.[1]

The recommendations by the Executive Board and Supervisory Board to all other points on the agenda for the annual general meeting were also approved by the shareholders.


[1] Subject to certain assumptions, e.g. when the capital repayment exceeds the purchase cost of the shares for tax purposes