Brief: Schaeffler Shareholders Approve Shares Conversion, Dividends

Schaeffler AG

02/02/2024 15:48

Feb 2 (Reuters) - Schaeffler AG  SHA_p.DE :
    * SHAREHOLDERS OF SCHAEFFLER AG APPROVE CONVERSION OF
NON-VOTING
COMMON SHARES
    * DIVIDEND PROPOSAL FOR 2023 OF 45 EURO CENTS PER NON-VOTING
COMMON SHARE; PLANNED INCREASE IN DIVIDEND PAYOUT RATIO TO 40 TO
60 PER CENT
    * SECOND STEP OF THREE-STEP OVERALL TRANSACTION SUCCESSFULLY
COMPLETED
    * CONVERSION INTENDED TO BECOME EFFECTIVE WITH MERGER OF
VITESCO
INTO SCHAEFFLER
    * CONVERSION RATIO IS 1:1 - EACH NON-VOTING COMMON SHARE OF
SCHAEFFLER WILL BE CONVERTED INTO ONE COMMON SHARE WITH FULL
VOTING RIGHTS

Source text for Eikon:  ID:nEQc5jpTFa 
Further company coverage:  SHA_p.DE 

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