Brief: KAP AG Expects Significant Burdens From Coronavirus Pandemic, Proposes To Suspend Dividend
24/03/2020 21:31
March 24 (Reuters) - Kap AG IURG.DE :
* DGAP-ADHOC: KAP AG EXPECTS SIGNIFICANT BURDENS FROM THE
CORONAVIRUS PANDEMIC - PROPOSAL TO SUSPEND DIVIDEND
* EXPECTS A NEGATIVE IMPACT FOR REVENUE, EARNINGS AND
LIQUIDITY.
BURDENS FROM CORONAVIRUS PANDEMIC
* S REVENUE AND EARNINGS PERFORMANCE IN FINANCIAL YEAR IS
EXPECTED
TO DECREASE SIGNIFICANTLY
* MANAGEMENT BOARD OF KAP AG, TOGETHER WITH SUPERVISORY
BOARD,
TODAY DECIDED TO PROPOSE TO ANNUAL GENERAL MEETING SUSPENSION OF
DIVIDEND PAYMENT FOR 2019 FINANCIAL YEAR (PREVIOUS YEAR: EUR
2.00 PER SHARE)
Source text for Eikon: ID:nEQ3Sp5zga
Further company coverage: IURG.DE
((Reuters.Briefs@thomsonreuters.com;))
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