DGAP-Ad-hoc: DEPFA BANK plc / Key word(s): Dividend DEPFA BANK plc announces dividend declared, but payment delayed 06-Apr-2020 / 14:26 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Ad Hoc Announcement - For immediate release RE: DEPFA BANK plc announces dividend declared, but payment delayed 6 April 2020 This notice is issued by, or on behalf, of DEPFA BANK plc ("DEPFA") in respect of the outstanding listed debt instrument identified below. This announcement may include a communication of inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.
Background: The 2019 Annual Report for DEPFA published on 19 March 2020, discloses that the board of directors of DEPFA recommended a dividend payment of Euro 150m to its sole shareholder, FMS-Wertmanagement AöR ("FMS-WM"), to be paid on 31 March 2020 subject to shareholder's approval. Following the issuance of the ECB recommendation on dividend distributions during the COVID-19 pandemic (ECB/2020/19) published on 27 March 2020 (the "ECB Recommendation") DEPFA adjourned its Annual General Meeting (the "AGM") at which the dividend was due to be declared in order to seek clarification as to the effect of the ECB Recommendation on DEPFA. Dividend declared, but payment delayed: At the AGM of DEPFA, held today, a dividend of Euro 150m to FMS-WM was declared subject to the payment being made as soon as permitted in line with the latest ECB Recommendation on Dividend Distributions. DEPFA is wholly owned by FMS-WM, the German State owned wind-down agency. For further information, please contact: For DEPFA: Rachel Martin Head of Communications Tel.: +353 1 792 2144 rachel.martin@depfa.com For FMS-WM: Frank Hessel Tel.: +49 (0) 89 / 9547627-647 E-Mail: frank.hessel@fms-wm.de 06-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de |
Language: | English |
Company: | DEPFA BANK plc |
Block 5 Irish Life Centre, Lower Abbey Street | |
D01 P767 Dublin 1 | |
Ireland | |
Phone: | +353 1 792 2222 |
Fax: | +353 1 792 2211 |
E-mail: | info@depfa.com |
Internet: | www.depfa.com |
ISIN: | DE000A0AUJ90 |
WKN: | A0AUJ9 |
Listed: | Regulated Market in Frankfurt (General Standard); London |
EQS News ID: | 1016241 |
End of Announcement | DGAP News Service |
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1016241 06-Apr-2020 CET/CEST