Public disclosure of inside information according to article 17 MAR
NAVSTONE SE: Board of Management and Supervisory Board propose a dividend of Euro 0.10 per share for financial year 2020
The Board of Management and Supervisory Board of NAVSTONE SE today resolved to propose a dividend of Euros 0.10 per share for the 2020 financial year at the Annual General Meeting. The invitation of Annual General Meeting will be announced in due course and is expected to take place at the beginning of August 2021.
By paying out a dividend for the first time, the Board of Management and the Supervisory Board want to set an example and let the shareholders participate in the company's success. The stable and sustainable business model of the company will also allow an attractive dividend policy in the future. From 2021 onwards it is planned to distribute the dividend in two tranches as an interim dividend in Q4 of the respective financial year and a final dividend, which will be resolved at the Annual General Meeting. Depending on the course of business in the fourth quarter of the 2021 financial year, the Executive Board and the Supervisory Board plan to distribute an interim dividend of probably 0.05 euros per share. The total dividend for the 2021 financial year, taking into account the interim dividend, will be resolved at the Annual General Meeting in 2022.
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