Brief: New Work Proposes Increased Dividend Of EUR 2.80 Per Share

New Work SE

24/02/2022 07:12

Feb 24 (Reuters) - NEW WORK SE  NWOn.DE :
    * EXECUTIVE BOARD PROPOSES AN INCREASED REGULAR DIVIDEND AND
PAYMENT OF A SPECIAL DIVIDEND
    * TODAY RESOLVED TO PUT FORWARD A PROPOSAL TO SUPERVISORY
BOARD TO
INCREASE REGULAR DIVIDEND BY 8 PERCENT FROM EUR 2.59 PER SHARE
TO EUR 2.80 PER SHARE
    * ALSO RESOLVED TO PROPOSE TO SUPERVISORY BOARD AN
ADDITIONAL
SPECIAL DIVIDEND DISTRIBUTION OF EUR 3.56 PER SHARE
    * NEW WORK'S LIQUID ASSETS OF EUR 116.6 MILLION AS OF END OF
2021
AND ITS CASH-GENERATIVE BUSINESS MODEL ENABLE IT TO PAY OUT A
SPECIAL DIVIDEND WITHOUT COMPROMISING ITS CONTINUED GROWTH
STRATEGY
    * TOTAL DIVIDEND PAYMENT WILL AMOUNT TO AROUND EUR 35.7
MILLION

Source text for Eikon:  ID:nEQ9nmt3sa 
Further company coverage:  NWOn.DE 

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