REG-Aroundtown SA Aroundtown SA suspending 2023 dividend payout following sustained market uncertainties

Aroundtown SAAnnouncement

26/03/2024 20:15

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   Aroundtown SA (IRSH)
   Aroundtown SA suspending 2023 dividend payout following sustained market
   uncertainties

   26-March-2024 / 21:01 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Public disclosure of inside information according to Article 17 para. 1 of
   the Regulation (EU) No 596/2014 on market abuse (market abuse regulation –
   MAR)

   Issuer: Aroundtown SA

   Aroundtown suspending  2023  dividend payout  following  sustained  market
   uncertainties.

   Luxembourg, 26  March 2024  -  The board  of  directors (the  “Board”)  of
   Aroundtown SA (the  “Company” or  “Aroundtown”) has decided  today not  to
   recommend a  dividend payment  for 2023  at the  Company’s annual  general
   meeting intended  for 26  June 2024.  The Board  continues to  see  market
   uncertainties which  limit visibility  regarding future  developments  and
   their full impact on transaction markets and property valuations and as  a
   result on the Company’s leverage as well as cost of financing. Under these
   uncertainties, it is the  Board’s opinion that  the Company should  remain
   conservative in regard to capital preservation and to continue to focus on
   strengthening liquidity and deleveraging.

   Contact

   Timothy Wright
   T: +352 288 313
   E: info@aroundtown.de
   www.aroundtown.de

   Important information:

   This announcement does not constitute an  offer to sell or a  solicitation
   of an  offer to  buy  any securities.  The  securities mentioned  in  this
   announcement have not  been and will  not be registered  under the  United
   States Securities act of 1933, as  amended (the “Securities Act”) and  may
   not be offered  or sold  in the United  States absent  registration or  an
   exemption from registration under the Securities Act.

   If any announcements in this document contain forward-looking  statements,
   such statements do not represent facts and are characterized by the  words
   'will', 'expect', 'believe',  'estimate', 'intend', 'contemplate',  'aim',
   'assume' or similar expressions.  Such statements express the  intentions,
   opinions or current  expectations and  assumptions of  Aroundtown and  the
   persons acting together with  Aroundtown. Such forward-looking  statements
   are based on current plans,  estimates and forecasts which Aroundtown  and
   the persons acting together with Aroundtown have made to the best of their
   knowledge,  but  which  do  not  claim  to  be  correct  in  the   future.
   Forward-looking statements are subject to risks and uncertainties that are
   difficult to predict and usually cannot be influenced by Aroundtown or the
   persons acting together with  Aroundtown. It should be  kept in mind  that
   the actual  events  or  consequences  may  differ  materially  from  those
   contained in or expressed by such forward-looking statements.

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           LU1673108939, LU1673108939, XS2114459550, XS1508392625,
                   XS1634523754, XS1752984440, XS2017788592, XS2027946610,
                   XS2055106210, XS2287744721, XS1586386739, XS1639847760,
                   XS1649193403, XS1700429308, XS1715306012, XS1753814141,
                   CH0398677689, XS1761721262, XS1815135352, AU3CB0252955,
                   CA04269KAA12, XS1879567144, XS1877353786, XS1901137106,
                   XS1905592546, CH0460054437, XS1961042915, XS1964701822,
                   XS1966277748, XS1980255779, XS1999746370, XS2023872174,
                   XS2023873149, XS2198981263, XS1843435501, XS2273810510,
                   XS2421195848,
   Category Code:  MSCL
   TIDM:           IRSH
   LEI Code:       529900H4DWG3KWMBMQ39
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   312115
   EQS News ID:    1868035


    
   End of Announcement EQS News Service

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