DGAP-Adhoc: CLIQ Digital AG approves dividend proposal of 28 cents per CLIQ share and a distribution policy based on sustainability
DGAP-Ad-hoc: Cliq Digital AG / Key word(s): Dividend
CLIQ Digital AG approves dividend proposal of 28 cents per CLIQ share and a distribution policy based on sustainability
- New dividend policy provides for an annual dividend distribution of 40% of the consolidated profit (after minority interests) in the coming financial years
- The Management and Supervisory Boards will propose to the 2020 Annual General Meeting a payment of a dividend of 28 cents per CLIQ share entitled to a dividend
Dusseldorf, 23 June 2020 - The Management Board and Supervisory Board of CLIQ Digital AG (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company offering streaming entertainment services to consumers worldwide, have decided on the fundamental principles of the dividend policy. In each of the coming financial years, a total of 40% of consolidated net income (after minority interests) is to be distributed to shareholders in accordance with IFRS, provided the legal requirements for this are met.
A higher one-off dividend is to be paid in the current 2020 financial year. The administrative bodies have decided to propose to the Annual General Meeting 2020 that a dividend in the total amount of approximately EUR 1,731,720, corresponding to 28 cents per CLIQ share entitled to a dividend, be paid to the shareholders. The initial resolution on the appropriation of profits, which was adopted on 31 March 2020 in connection with the preparation of the annual financial statements for the 2019 financial year and provided for the balance sheet profit to be carried forward in full, was amended accordingly. Dividend payments are planned for the coming financial years in accordance with the new dividend policy.
Furthermore, the Management Board and the Supervisory Board passed a resolution on the convening of the Annual General Meeting on 21 August 2020 in Düsseldorf. The Annual General Meeting is to be held as a physical meeting. However, this is subject to the proviso that the development of the COVID-19 infections allows a corresponding physical meeting at that time. The dividend is expected to be paid out on 26 August 2020, if the General Meeting adopts the resolution on the appropriation of profits as proposed.
23-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Cliq Digital AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1077239|
|End of Announcement||DGAP News Service|
1077239 23-Jun-2020 CET/CEST
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With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -36.508% for Cliq Digital AG as the target price of €12.00 is below the current price of €18.90.