EQS-News: HELLA GmbH & Co. KGaA
/ Key word(s): Dividend/Miscellaneous
LIPPSTADT (GERMANY) 15 DECEMBER 2022
HELLA PLANS TO PAY A SPECIAL DIVIDEND FOLLOWING THE SALE OF HBPO SHARE
Against the background of the decision to exit the HBPO joint venture, the Management of HELLA GmbH Co. KGaA has decided to suggest to the Annual General Meeting to be held on 28 April 2023 the payment of a special dividend in the amount of € 2.61 per share. HELLA had held a 33.33 percent stake in HBPO; the sale of this stake was successfully completed to the previous co-shareholder Plastic Omnium. The special dividend corresponds approximately to the agreed purchase price of € 290 million (including dividend) that HELLA achieved through the sale of the HBPO stake. “With the planned payment of a special dividend, we want our shareholders to participate in the revenues from the successful sale of the share. This is possible not least because of our extremely solid financial position. Therefore, we will be able to achieve our strategic aims even after this planned special dividend”, says HELLA CEO Michel Favre. “Irrespective of this, we will maintain our established dividend policy in the usual manner for the short fiscal year 2022 as well.” It is planned to continue to distribute around 30 percent of the balance sheet profit for the regular dividend. The exact amount of the regular dividend proposal will be decided in combination with the preparation and review of the annual and consolidated financial statements for the short fiscal year 2022.
Note: You can also find this text and suitable images in our press database at: www.hella.com/press
15.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | HELLA GmbH & Co. KGaA |
Rixbecker Str. 75 | |
59552 Lippstadt | |
Germany | |
Phone: | +49 (0)2941 38-7125 |
Fax: | +49 (0)2941 38-6647 |
E-mail: | Investor.Relations@hella.com |
Internet: | www.hella.de/ir |
ISIN: | DE000A13SX22, DE000A3E5DP8 |
WKN: | A13SX2, A3E5DP |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange |
EQS News ID: | 1514691 |
End of News | EQS News Service |
|
1514691 15.12.2022 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.