DGAP-Adhoc: Aareal Bank AG: Aareal Bank to comply with the ECB's recommendation on dividend policy - Situation will be re-assessed after 1 October 2020
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DGAP-Ad-hoc: Aareal Bank AG / Key word(s): Dividend Aareal Bank to comply with the ECB's recommendation on dividend policy - Situation will be re-assessed after 1 October 2020
Wiesbaden, 5 April 2020 - The Management Board of Aareal Bank AG has resolved - diverging from the proposal for the appropriation of profits, as published in the financial statements - to propose to the Annual General Meeting on 27 May 2020 that the net retained profit should not be used to distribute dividends at this point in time. With this decision - having conducted a detailed review - the Management Board therefore complies with a request by the European Central Bank (ECB) to institutions under its direct supervision to refrain from paying out any dividends for the financial years 2019 and 2020, at least until 1 October 2020. The Management Board reserves the right to submit a new proposal for appropriation of profits to a potential additional General Meeting at a later point in time - provided that the impact of the COVID-19 pandemic can be assessed with more certainty at that time, and that such proposal for appropriation of profits is feasible given the then-prevailing market situation. Contact: Jürgen Junginger, Head of Investor Relations
05-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Aareal Bank AG |
Paulinenstr. 15 | |
65189 Wiesbaden | |
Germany | |
Phone: | +49 (0)611 348 - 0 |
Fax: | +49 (0)611 348 - 2332 |
E-mail: | [email protected] |
Internet: | www.aareal-bank.com |
ISIN: | DE0005408116 |
WKN: | 540811 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm |
EQS News ID: | 1015729 |
End of Announcement | DGAP News Service |
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1015729 05-Apr-2020 CET/CEST