Nexity: AGM behind closed doors and dividend cut
(CercleFinance.com) - Real estate group Nexity announces that, in the current health crisis, its board of directors has decided to convene a general meeting that will exceptionally be without the physical presence of its shareholders.
This meeting will still be held on the date initially announced of 19 May.
In addition, the group has decided to reduce the dividend proposed at the AGM from 2.70 euros to 2 euros, meaning a cut of 26% relative to what had been announced for this year (and a decrease of 20% compared to the dividend paid in 2019).
However, the group boasts a very solid cash position, with total cash of 767 million euros, as 31 March 2020, to which are added 555 million euros in confirmed and undrawn credit lines.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
This meeting will still be held on the date initially announced of 19 May.
In addition, the group has decided to reduce the dividend proposed at the AGM from 2.70 euros to 2 euros, meaning a cut of 26% relative to what had been announced for this year (and a decrease of 20% compared to the dividend paid in 2019).
However, the group boasts a very solid cash position, with total cash of 767 million euros, as 31 March 2020, to which are added 555 million euros in confirmed and undrawn credit lines.
Copyright (c) 2020 CercleFinance.com. All rights reserved.