EQS-Ad-hoc: Lenzing AG / Key word(s): Dividend/Strategic Company Decision
Lenzing AG: Lenzing AG revises its dividend policy
21-Jun-2022 / 19:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Lenzing AG revises its dividend policy
- Minimum dividend of EUR 4.50 per share as of the 2023 financial year
Lenzing Having concluded its strategy update, the Managing Board of Lenzing AG decided to revise its dividend policy today. This demonstrates Lenzings confidence in its ambitious growth plans and its ability to consistently providing attractive dividends to shareholders.
As of the 2023 financial year (with payment scheduled for 2024), Lenzing plans to pay an annual dividend of at least EUR 4.50 per share (adjusted for Inflation for the years thereafter). The revised dividend policy is subject to the approval of the Supervisory Board.
The payment of the dividend in any year will be subject to the specific dividend proposals of the Managing Board and the Supervisory Board. These proposals may deviate from the new dividend policy if appropriate under the then prevailing circumstances and will be subject to the approval of the Annual General Meeting.
|Your contact for
Vice President Corporate Communications & Public Affairs
Werkstraße 2, 4860 Lenzing, Austria
Phone +43 7672 701 2743
Vice President Capital Markets
Werkstraße 2, 4860 Lenzing, Austria Phone
+43 7672 701 3599E-mail email@example.comWeb www.lenzing.com
|About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of specialty fibers made from the renewable raw material wood. As an innovation leader, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments.
The Lenzing Groups high-quality fibers form the basis for a variety of textile applications ranging from elegant clothing to versatile denims and high-performance sports clothing. Due to their consistent high quality, their biodegradability and compostability Lenzing fibers are also highly suitable for hygiene products and agricultural applications.
The business model of the Lenzing Group goes far beyond that of a traditional fiber producer. Together with its customers and partners, Lenzing develops innovative products along the value chain, creating added value for consumers. The Lenzing Group strives for the efficient utilization and processing of all raw materials and offers solutions to help redirect the textile sector towards a closed-loop economy. In order to reduce the speed of global warming and to accomplish the targets of the Paris Climate Agreement and the Green Deal of the EU Commission, Lenzing has a clear vision: namely to make a zero-carbon future come true.
Key Facts & Figures Lenzing Group 2021
Revenue: EUR 2.19 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 7,958
TENCEL, VEOCEL, LENZING, REFIBRA, ECOVERO, LENZING MODAL, LENZING VISCOSE, MICROMODAL and PROMODAL are trademarks of Lenzing AG.
21-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com