Brief: Grand City Properties Suspends 2022 Dividend Payout Following Increasing Uncertainties In Markets

Grand City Properties SA

16/03/2023 05:49

March 16 (Reuters) - GRAND CITY PROPERTIES SA  GYC.DE :
    * EQS-ADHOC: GRAND CITY PROPERTIES S.A. SUSPENDING 2022
DIVIDEND
PAYOUT FOLLOWING INCREASING UNCERTAINTIES IN MARKETS
    * GRAND CITY PROPERTIES S.A. SUSPENDING 2022 DIVIDEND PAYOUT
FOLLOWING INCREASING UNCERTAINTIES IN MARKETS
    * HAS DECIDED TODAY NOT TO RECOMMEND A DIVIDEND PAYMENT FOR
2022
AT COMPANY'S ANNUAL GENERAL MEETING SCHEDULED FOR 28 JUNE 2023,
FOLLOWING INCREASE IN MACRO-ECONOMIC UNCERTAINTY AND VOLATILITY,
WITH CURRENTLY LIMITED VISIBILITY ON FULL IMPACT OF CURRENT
MARKET ENVIRONMENT ON VALUATIONS, INCREASING FINANCING COSTS AND
LIMITED ACCESS TO CAPITAL MARKETS

Source text for Eikon:  ID:nEQ2X91spa 
Further company coverage:  GYC.DE 

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