Brief: Vienna Insurance Group Sets New Dividend Policy

Vienna Insurance Wiener Versicherung Gruppe AG

27/11/2023 15:34

Nov 27 (Reuters) - VIENNA INSURANCE GROUP  VIGR.VI :
    * SETS NEW DIVIDEND POLICY
    * AIMS TO PAY IN FUTURE A DIVIDEND PER SHARE THAT IS AT
LEAST
EQUAL TO THAT OF PREVIOUS YEAR AND INCREASES CONTINUOUSLY
DEPENDING ON OPERATING EARNINGS SITUATION
    * DIVIDEND POLICY SO FAR WAS LINKED TO GROUP NET PROFITS AND
PROVIDED FOR A DISTRIBUTION IN RANGE OF 30 TO 50%.
    * MANAGEMENT BOARD OF VIG FOR FIRST TIME SETS MINIMUM
DIVIDEND AT
RESPECTIVE PREVIOUS YEAR'S LEVEL, BASED ON GROUPS CAPITAL
STRENGTH
    * DIVIDEND PER SHARE FOR 2023 FINANCIAL YEAR WILL THEREFORE
AMOUNT
TO AT LEAST EUR 1.30 IN ACCORDANCE WITH DIVIDEND POLICY ADOPTED
TODAY.
    * FINAL DIVIDEND PROPOSAL WILL BE COMMUNICATED BY MANAGEMENT
BOARD
WITH PRELIMINARY RESULTS FOR 2023

Source text for Eikon:  ID:nEQ6jk10ka 
Further company coverage:  VIGR.VI 

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