EANS-Adhoc: Lenzing AG
Lenzing Management Board Proposes Higher Special
Dividend
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Dividend of EUR 3.00 per share is planned to remain constant /
Special dividend should be raised to EUR 2.00 per share
Earnings/Company Information
23.02.2018
Lenzing - The Management Board of Lenzing AG, the leading manufacturer of
cellulose fibers from wood, has resolved to propose distribution of an unchanged
basic and higher special dividend for 2017 financial year on the basis of its
preliminary business results which have not yet been subject to a final audit.
The dividend of EUR 3.00 per share is planned to remain constant, whereas the
special dividend should be increased from EUR 1.20 to EUR 2.00 per share due to
Lenzing's very good performance in the 2017 financial year.
The rise in the special dividend reflects the positive development of all key
economic performance indicators of the company. The final indicators and the
outlook of Lenzing AG for the current financial year will be announced on March
14, 2018.
Accordingly, the total dividend payment to shareholders would amount to about
EUR 133 mn, subject to the consent granted by the Supervisory Board at its
meeting scheduled for March 8, 2018 and pending approval by shareholders at the
Annual General Meeting to be held on April 12, 2018.
Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713
mailto:w.kaserer@lenzing.com
end of announcement euro adhoc
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issuer: Lenzing AG
A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
ISIN: AT0000644505
indexes: ATX, WBI
stockmarkets: Wien
language: English
Original content of: Lenzing AG, transmitted by news aktuell