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DGAP-Ad-hoc: Siltronic AG / Key word(s): Dividend
Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR
Siltronic AG Einsteinstraße 172 81677 Munich
Siltronic adjusts dividend policy and plans a dividend of EUR 3.00 for fiscal 2022
Germany, Munich, 26 July 2022 – The Executive Board of Siltronic AG today resolved to adjust the company’s dividend policy.
As before, around 40 percent of the consolidated net income attributable to shareholders according to IFRS standards shall be distributed. In the future, however, the distribution will now be limited to a maximum of EUR 3.00 per dividend-bearing share.
Major customer prepayments, a high operating cash flow and loans are the most important building blocks for financing capacity expansions. As previously communicated, the company rules out a capital increase for the current fiscal year. Capping the dividend at EUR 3.00 provides additional liquidity for investments.
At the same time, shareholders are to continue to participate adequately in the success of the company: In accordance with the adjusted dividend policy, the Executive Board plans to propose a dividend of EUR 3.00 per dividend-bearing share for the fiscal year 2022 at the Annual General Meeting 2023.
The dividend policy reflects the current objectives of the Executive Board and may be adjusted in the future. The prerequisite for a dividend payment is the existence of distributable net profit and sufficient liquidity development of Siltronic AG. Furthermore, it requires corresponding proposals for the distribution of profits to be made by the Executive Board and the Supervisory Board each year, each of which may deviate from the dividend policy under then prevailing circumstances. The dividend is resolved by the Annual Shareholders' Meeting.
Additional information ISIN: DE000WAF3001 WKN: WAF300 Deutsche Boerse: WAF Trading: Amtlicher Markt (Prime Standard), Frankfurter Wertpapierbörse
Contact: Dr. Rupert Krautbauer Head of Investor Relations & Communications Tel.: +49 (0)89 8564 3133 E-Mail: investor.relations@siltronic.com
Important Information This adhoc announcement contains statements related to our future business and financial performance and future events or developments involving Siltronic that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. Such statements are based on the current expectations and certain assumptions of the Siltronic-management, of which many are beyond the control of Siltronic. These are subject to a number of risks, uncertainties and factors. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siltronic may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siltronic neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
26-Jul-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Siltronic AG |
| Einsteinstr. 172 | |
| 81677 Munich | |
| Germany | |
| Phone: | +49 89 8564 3133 |
| Fax: | +49 89 8564-3904 |
| E-mail: | investor.relations@siltronic.com |
| Internet: | www.siltronic.com |
| ISIN: | DE000WAF3001 |
| WKN: | WAF300 |
| Indices: | MDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1406145 |
| End of Announcement | DGAP News Service |
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1406145 26-Jul-2022 CET/CEST
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