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EQS-Ad-hoc: Deutsche EuroShop AG / Key word(s): Dividend Deutsche EuroShop AG plans increase of planned dividend to EUR 2.60 per share Hamburg, 8 August 2024 – The Executive Board of Deutsche EuroShop AG, Hamburg (ISIN DE0007480204) („Company“), today resolved with the approval of the Supervisory Board of the same day to propose to the annual general meeting convened for August 29, 2024 to resolve upon distribution of a dividend now in the amount of EUR 2.60 per share of the Company and thus to increase the amount of EUR 0.80 per share announced in the invitation to the annual general meeting as published in the Federal Gazette (Bundesanzeiger) on July 17, 2024 by EUR 1.80. Based on the number of 76,464,319 shares issued in the Company, less the 447,414 treasury shares which are currently held directly or indirectly by the Company which are not entitled to dividend in accordance with section 71b AktG, the dividend now planned corresponds to an amount of EUR 197,643,953.00 to be distributed from the net retained profits for the 2023 financial year. Due to a current share buyback programme, the number of shares entitled to dividend will change beyond that by the time the annual general meeting is held. Therefore, even with an unchanged distribution of an amount of now EUR 2.60 per share entitled to dividend, a correspondingly adjusted proposed resolution on the appropriation of profits will be submitted to the annual general meeting in due course. Subject to a corresponding resolution by the annual general meeting, the distribution of the dividend is still planned for September 3, 2024. The increase in the proposed dividend amount has become possible because the Company has received additional free liquidity from current operations and from the conclusion of further loan agreements by subsidiaries. Issued by: Patrick Kiss, Head of Investor & Public Relations End of Inside Information
08-Aug-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Deutsche EuroShop AG |
| Heegbarg 36 | |
| 22391 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 413 579-0 |
| Fax: | +49 (0)40 413 579-29 |
| E-mail: | ir@deutsche-euroshop.de |
| Internet: | www.deutsche-euroshop.de |
| ISIN: | DE0007480204 |
| WKN: | 748020 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1964323 |
| End of Announcement | EQS News Service |
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1964323 08-Aug-2024 CET/CEST
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