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DGAP-News: freenet AG: freenet Group shareholders resolve by a clear majority to suspend the dividend for the 2019 financial year

DGAP-News: freenet AG: freenet Group shareholders resolve by a clear majority to suspend the dividend for the 2019 financial year

DGAP-News: freenet AG / Key word(s): AGM/EGM
freenet AG: freenet Group shareholders resolve by a clear majority to suspend the dividend for the 2019 financial year

27.05.2020 / 12:46
The issuer is solely responsible for the content of this announcement.


freenet Group shareholders resolve by a clear majority to suspend the dividend for the 2019 financial year

- All other items of the agenda were also adopted by the Annual General Meeting with a clear majority.

Büdelsdorf, 27 May 2020 - At the Annual General Meeting, the shareholders of freenet AG [ISIN DE000A0Z2ZZ5] followed all the items on the agenda proposed by the Executive Board as well as the Supervisory Board and resolved them with the required majorities. In total, 49.66 percent of the registered share capital was represented at the virtual general meeting.

Management's proposal to suspend the dividend for the 2019 financial year respectively to pay only the legally required amount of 0,04 EUR per dividend-bearing share was also adopted by a majority of 94.74 percent. In its proposal of 3 May 2020, the telecommunications provider referred to the unpredictable impact of the coronavirus crisis on the financial market and thus the potentially challenging refinancing of two promissory notes in the amount of 700 million euros in autumn 2020 and spring 2021. The management welcomes the support of the shareholders, who are therefore making an important contribution to the financial stability and flexibility of the Group.

More information on the ordinary Annual General Meeting 2020, including the detailed voting results, will be available shortly at www.freenet-group.de/investor/annual-general-meeting.

Contact:

Investor Relations
freenet Group
Phone.: +49 (0) 40 / 513 06 778
E-Mail: ir@freenet.ag
Internet: www.freenet-group.de/en



27.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: freenet AG
Deelbögenkamp 4
22297 Hamburg
Germany
Phone: +49 (0)40 51306-778
Fax: +49 (0)40 51306-970
E-mail: ir@freenet.ag
Internet: www.freenet-group.de
ISIN: DE000A0Z2ZZ5, DE000A1KQXU0
WKN: A0Z2ZZ , A1KQXU
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1056359

 
End of News DGAP News Service

1056359  27.05.2020 

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