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DGAP-Adhoc: CTS Eventim AG & Co. KGaA: Change in the proposal for the appropriation of profits to the Annual General Meeting

eqs_en 
0 0 06.05.20
DGAP-Adhoc: CTS Eventim AG & Co. KGaA: Change in the proposal for the appropriation of profits to the Annual General Meeting: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23704/EVE_Logo.svg.png
 

DGAP-Ad-hoc: CTS Eventim AG & Co. KGaA / Key word(s): Dividend
CTS Eventim AG & Co. KGaA: Change in the proposal for the appropriation of profits to the Annual General Meeting

06-May-2020 / 18:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad-hoc announcement

Public disclosure of inside information according to article 17 directive (EU) No. 596/2014 (Market Abuse Directive)

Change in the proposal for the appropriation of profits to the Annual General Meeting


Munich, 6 May 2020. The Management Board of CTS EVENTIM AG & Co. KGaA today approved an amended proposal for the appropriation of profits to the Annual General Meeting.

In view of the high economic uncertainty due to the COVID-19 pandemic, which will continue to prevail for the time being, it will be proposed to the Annual General Meeting to suspend the dividend for the year 2019 and to carry forward the net profit for the financial year 2019 to new account. This should proactively further strengthen the Company's liquidity position and improve the Company's financial flexibility.

In accordance with the new rules of the German Stock Corporation Act recently created in the wake of the COVID-19 crisis, the Annual General Meeting 2020 is to be held as an online Annual General Meeting without physical participation of shareholders on 19 June 2020.
 

About CTS EVENTIM
CTS EVENTIM is one of the leading international providers of ticketing services and live entertainment. In 2019, around 250 million tickets were marketed using the company's systems - be it through stationary box offices, online or from mobile terminals. Its online portals operate under brands such as eventim.de, oeticket.com, ticketcorner.ch, ticketone.it and entradas.com. The EVENTIM Group also includes many concert, tour and festival promoter companies for events like 'Rock am Ring', 'Rock im Park', 'Hurricane', 'Southside' and 'Lucca Summer'. In addition, some of Europe's most renowned venues are operated by CTS EVENTIM, for example the LANXESS Arena in Cologne, the K.B. Hallen in Copenhagen, the Waldbühne in Berlin and the EVENTIM Apollo in London. CTS EVENTIM AG & Co. KGaA (ISIN DE 0005470306) has been listed on the stock exchange since 2000 and is currently a member of the MDAX segment. In 2019, its 3,202-strong workforce generated more than 1.4 billion Euro in sales revenue in 21 countries.
 

For further information, please contact:
Corporate Communications:
Thomas Kollner
Tel.: +49.40.380788.7299
[email protected]

Investor Relations:
Marco Haeckermann
Vice President Corporate Development & Strategy
Tel.: +49.421.3666.270
[email protected]

06-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: CTS Eventim AG & Co. KGaA
Rablstr. 26
81669 München
Germany
Phone: 0421/ 3666-0
Fax: 0421/ 3666-290
E-mail: [email protected]
Internet: www.eventim.de
ISIN: DE0005470306
WKN: 547030
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1037633

 
End of Announcement DGAP News Service

1037633  06-May-2020 CET/CEST

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CTS Eventim AG & Co. KGaA Stock

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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