Brief: ABC Arbitrage Maintains Its Dividend Policy

ABC Arbitrage SA

24/04/2020 07:14

April 24 (Reuters) - ABC ARBITRAGE  BITI.PA :
    * RESOLUTIONS AND TERMS AND CONDITIONS OF 2020 GENERAL
MEETING /
BACKGROUND ON COVID-19
    * AT END OF APRIL, PACE OF ACTIVITY IN 2020 WAS CLOSE TO
THAT OF
ENTIRE 2019 FINANCIAL YEAR
    * GROUP TO OPERATE AT 100% OF ITS CAPACITY
    * GROUP ONCE AGAIN CONFIRMS ITS CORRELATION WITH VOLATILITY,
A
CORRELATION THAT WILL REMAIN STRONG IN 2020
    * GROUP WILL CONTINUE ITS QUARTERLY DISTRIBUTION POLICY WITH
INTENTION OF TWO INTERIM DISTRIBUTIONS OF EUR 0.10 EACH IN
OCTOBER AND DECEMBER
    * BOARD HAS DECIDED TO RECOMMEND A DISTRIBUTION OF EUR 0.03
TO
NEXT GENERAL MEETING, BRINGING TOTAL 2019 DISTRIBUTION TO EUR
0.33 PER SHARE
    * FOR FY 2020, IF MARKETS RETURN TO PARAMETERS EQUIVALENT TO
THOSE
OF 2019, GROUP'S PACE OF ACTIVITY SHOULD BE MUCH HIGHER THAN IN
2016
    * COMPARED TO 2019, EXPENSES WILL RISE SIGNIFICANTLY, MAINLY
DUE
TO VARIABLE COMPENSATION AS ALWAYS WITH GROUP'S COMPENSATION
MODEL
    * OUTLOOK: GIVEN EXTENT AND UNKNOWN NATURE OF THIS HEALTH
CRISIS,
ABC ARBITRAGE CHOOSES TO REMAIN PRUDENT AGAINST BACKDROP OF
PROBABLE FUTURE IMPACTS TO FINANCIAL MARKETS

Source text for Eikon:  ID:nGNE8VV29N 
Further company coverage:  BITI.PA 

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