Brief: Grammer To Revoke Dividend Proposal Of EUR 0.11 Per Share

GRAMMER AG

04/06/2020 12:28

June 4 (Reuters) - GRAMMER AG  GMMG.DE :
    * TO REVOKE DIVIDEND PROPOSAL OF EUR 0.11 PER SHARE
    * TO PROPOSE TO ANNUAL GENERAL MEETING NOT TO PAY OUT A
DIVI-DEND
FOR FINANCIAL YEAR 2019
    * WITH INCREASE OF SYNDICATED LOAN, DIVIDEND WILL BE
SUSPENDED
DURING THREE-YEAR TERM OF NEW TRANCHE
    * PLANS TO STRENGTHEN ITS EQUITY BY AT LEAST EUR 40 MILLION
    * A CAPITAL INCREASE INCLUDING SHAREHOLDER SUBSCRIPTION
RIGHTS IS
TO BE EXECUTED IN SECOND HALF OF 2020.

Source text for Eikon:  ID:nNDL9sQW5D 
Further company coverage:  GMMG.DE 

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