Business
Siltronic AG: Siltronic resolves upon Dividend Policy
Siltronic AG: Siltronic resolves upon Dividend
About this update from Siltronic Ag
[{"type":"text","content":"\n Ad hoc announcement / Disclosure of an inside information according to Article 17 MAR\n \n \n Siltronic AG Hanns-Seidel-Platz 4 81737 Munich https://www.siltronic.com\n Siltronic resolves upon Dividend Policy\n Munich, Germany, 14 September 2017 - The shareholders of Siltronic AG shall adequately participate in the positive business performance of the Siltronic Group including the significant improvement of its results and Free Cash Flow since the beginning of the fiscal year.\n \n \n Therefore, the Executive Board today resolved upon a dividend policy that aims at distributing around 40% of the consolidated earnings of the Siltronic Group according to IFRS principles, attributable to the shareholders.\n \n \n This dividend policy reflects the current objective of the Executive Board and may be adapted at a later stage. Preconditions for the dividend payment are the availability of a distributable net profit and a sufficient liquidity development of Siltronic AG. In addition, the dividend payment requires each year respective proposals on the appropriation of profits by the Executive Board and the Supervisory Board, whereby, however, each of these Boards may deviate from the dividend policy due to the then current circumstances. The General Meeting resolves upon the distribution of the dividend.\n Contact:\n Petra Müller Head of Investor Relations & Communications Tel.: +49 (0)89 8564 3133 E-Mail: [email protected] Information\n This announcement contains forward-looking statements that are based on assumptions and estimates of the management board of Siltronic AG. Although we consider the expectations of the forward-looking statements as realistic, we cannot guarantee that they will prove to be correct. The assumptions may contain risks and uncertainties which may lead to a significant deviation of the actual numbers from the forward-looking statements. Factors which may lead to such a deviation are, inter alia, changes in the overall economy and in the business environment, changes in the currency and interest rates, the introduction of products that are competitive to our products, acceptance problems with new products or services as well as changes in the corporate strategy. Siltronic neither intends, nor assumes any obligation, to update these forward-looking statements.\n This document includ...