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Ernst Russ AG
ISIN: DE000A161077
WKN: A16107
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Ernst Russ AG · ISIN: DE000A161077 · EQS - adhoc news (49 News)
Country: Germany · Primary market: Germany · EQS NID: 1588201
21 March 2023 12:32PM

Ernst Russ AG: Proposal to distribute a dividend of 0.20 euros per share, at the shareholders' option, in cash or shares, in full or in part


EQS-Ad-hoc: Ernst Russ AG / Key word(s): Dividend
Ernst Russ AG: Proposal to distribute a dividend of 0.20 euros per share, at the shareholders' option, in cash or shares, in full or in part

21-March-2023 / 12:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Hamburg, 21 March 2023: Based on the successful fiscal year 2022 with consolidated net income after minority interests of EUR 47.3 million, the Executive Board and the Supervisory Board of Ernst Russ AG (ISIN DE000A161077) today resolved to propose to the Annual General Meeting the distribution of a dividend for the fiscal year 2022 in the amount of EUR 0.20 per share. The basis for the distribution is the individual financial statement of Ernst Russ AG with retained earnings of EUR 25.9 million and positive net income for the fiscal year 2022 of EUR 4.6 million (previous year: EUR 8.5 million). Since the dividend payment will be made in full out of the tax deposit account within the meaning of Section 27 Corporate Income Tax Act, it will be paid out net, i.e. without deducting any taxes like capital gains tax and/or solidarity surcharge, to domestic shareholders.

The dividend will be paid in full or in part in cash or in the form of shares in the Company, at the shareholders' option. Further details will be set out in a separate document for information pursuant to Article 1 (4) h) Regulation (EU) 2017/1129. This document will be accessible on the website of Ernst Russ AG from the date of publication of the invitation notice to the Annual General Meeting 2023 in the Federal Gazette and will contain in particular information on the number and type of shares and explanations of the reasons for and details of the share offer.

The Annual Report 2022 will be published on March 22, 2023. The Annual General Meeting 2023 of Ernst Russ AG will take place on May 10, 2023.

Contact:
Ernst Russ AG
Anika Hillmer
Investor Relations
Tel. +49 40 88 88 1 1800
E-Mail: ir@ernst-russ.de

21-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Ernst Russ AG
Elbchaussee 370
22609 Hamburg
Germany
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-199
E-mail: ir@ernst-russ.de
Internet: www.ernst-russ.de
ISIN: DE000A161077
WKN: A16107
Listed: Regulated Unofficial Market in Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID: 1588201

 
End of Announcement EQS News Service

1588201  21-March-2023 CET/CEST

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