Today, the Board of Directors of POLYTEC Holding AG agreed to alter the dividend proposal to the Supervisory Board and the Annual General Meeting for the 2019 financial year and not distribute a dividend. Originally, a proposed dividend of EUR 0.25 per share was communicated.
At present, the possible effects of a potential re-intensification of the COVID-19 pandemic upon POLYTEC Holding AG and its subsidiaries are difficult to assess. In addition, the Board of Directors wishes to retain the option of receiving government grants. Therefore, although the financial situation of POLYTEC Holding AG would permit a dividend payment at any time, today the Board of Directors nevertheless decided not to distribute a dividend.
The 20th Ordinary Annual General Meeting of POLYTEC Holding AG will take place at the company seat on Friday, 7 August 2020 at 10.00 a.m. (CEST) as an attended event.