Brief: Progress Werk Oberkirch Withdraws 2020 Forecast

PWO AG

20/03/2020 16:51

March 20 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE :
    * WITHDRAWAL OF 2020 FORECAST
    * MANAGEMENT BOARD PROPOSES ELIMINATION OF DIVIDEND FOR 2019
    * POSTPONEMENT OF ANNUAL GENERAL MEETING
    * IMPOSSIBLE TO ADEQUATELY ASSESS AND RELIABLY QUANTIFY
EFFECTS ON
PWO GROUP
    * REFRAINS FROM PROVIDING A NEW FORECAST FOR 2020 FISCAL
YEAR
    * MANAGEMENT BOARD WILL ALSO CONTRIBUTE BY WAIVING 10
PERCENT OF
ITS FIXED REMUNERATION FOR 2020 FISCAL YEAR
    * AIMS TO HOLD ANNUAL GENERAL MEETING WITHIN STATUTORY
8-MONTH
PERIOD UNTIL END OF AUGUST 2020

Source text for Eikon:  ID:nEQbwPmlya 
Further company coverage:  PWOG.DE 

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