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HELLA GmbH & Co. KGaA
ISIN: DE000A13SX22
WKN: A13SX2
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HELLA GmbH & Co. KGaA · ISIN: DE000A13SX22 · EQS - Company News (90 News)
Country: Germany · Primary market: Germany · EQS NID: 1514691
15 December 2022 07:08PM

HELLA GmbH & Co. KGaA: HELLA plans to pay a special dividend following the sale of HBPO share


EQS-News: HELLA GmbH & Co. KGaA / Key word(s): Dividend/Miscellaneous
HELLA GmbH & Co. KGaA: HELLA plans to pay a special dividend following the sale of HBPO share

15.12.2022 / 19:08 CET/CEST
The issuer is solely responsible for the content of this announcement.


LIPPSTADT (GERMANY)

15 DECEMBER 2022

 

 

 

HELLA PLANS TO PAY A SPECIAL DIVIDEND FOLLOWING THE SALE OF HBPO SHARE

  • Special dividend to be € 2.61 per share
  • Established dividend policy to be continued regarding the regular dividend

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.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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

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