EQS-Adhoc: VERBUND AG: Executive Board proposes distribution of a special dividend for financial year 2022

EQS-Adhoc: VERBUND AG: Executive Board proposes distribution of a special dividend for financial year 2022

EQS-Ad-hoc: VERBUND AG / Key word(s): Dividend/Payout
VERBUND AG: Executive Board proposes distribution of a special dividend
for financial year 2022

25-May-2022 / 11:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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The Executive Board of VERBUND AG has resolved to propose to the 2023
Annual General Meeting the distribution of a special dividend in the
amount of €400m in addition to the regular dividend, which is based on a
payout ratio of between 45% and 55% of the Group result for 2022 after
adjustment for non-recurring effects. The one-off special dividend is
intended to allow shareholders to participate in the Group’s anticipated
extraordinarily positive business performance for the current financial
year 2022 by means of a higher payout. Based on the payout ratio for the
previous year and the average of the current earnings forecast, the total
dividend for financial year 2022 would amount to approximately €1.2bn.

Distribution of the dividends must be approved by the Supervisory Board at
the meeting at which the annual financial statements are to be approved
and also requires the approval of the shareholders of VERBUND AG at the
2023 Annual General Meeting.

Contact: Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 – 52604
F.: +43 (0)5 03 13 – 52694
investor-relations@verbund.com

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25-May-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: 0043-1-53113-52604
Fax: 0043-1-53113-52694
E-mail: investor-relations@verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1361263

 
End of Announcement EQS News Service

1361263  25-May-2022 CET/CEST

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