DGAP-Adhoc: Hapag-Lloyd AG: Executive Board of Hapag-Lloyd AG resolves to propose a dividend distribution of EUR 1.10 per share to the Annual General Meeting 2020 and adapts Dividend Policy

2020. március 10., kedd, 12:40





DGAP-Ad-hoc: Hapag-Lloyd AG / Key word(s): Dividend


Hapag-Lloyd AG: Executive Board of Hapag-Lloyd AG resolves to propose a dividend distribution of EUR 1.10 per share to the Annual General Meeting 2020 and adapts Dividend Policy


10-March-2020 / 12:40 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Hamburg, 10 March 2020



Executive Board of Hapag-Lloyd AG resolves to propose a dividend distribution of EUR 1.10 per share to the Annual General Meeting 2020 and adapts Dividend Policy


The Executive Board of Hapag-Lloyd AG (ISIN DE000HLAG475) has just resolved to propose to the ordinary Annual General Meeting taking place on 5 June 2020 - deviating from the existing dividend policy - a distribution of a dividend payment for the financial year 2019 in the amount of EUR 1.10 per share, i.e. in total EUR 193,336,322.30 and around 51.8 % of the consolidated profit (IFRS). The Supervisory Board will presumably resolve on the appropriation of profits for financial year 2019 in its meeting on 19 March 2020.



In addition thereto, the Executive Board has decided in the same meeting to change the current dividend policy (in general up to 20 - 30 % of the consolidated profit) to the extent that Hapag-Lloyd AG intends to generally pay a dividend of at least 30 % of the consolidated profit (IFRS) within its commercial and financial options.



The changed dividend policy allows Hapag-Lloyd AG to appropriately share its success with its shareholders despite economic fluctuations customary in the industry. Simultaneously, the company preserves the required flexibility for further developments and maintains adequate liquidity. The dividend policy is subject to compliance with legal requirements, existing financial agreements, consideration of the market conditions, further development and growth plans as well as maintaining an adequate level of liquidity.



The Annual Report for the financial year 2019 will be published on 20 March 2020.






Contact:

Heiko Hoffmann

Senior Director Investor Relations


Hapag-Lloyd AG

Ballindamm 25

20095 Hamburg

Phone +49 40 3001-2896

Fax +49 40 3001-72896

Mobile +49 172 875-2126








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Language: English
Company: Hapag-Lloyd AG

Ballindamm 25

20095 Hamburg

Germany
Phone: +49 (0) 40 3001 - 2896
Fax: +49 (0) 40 3001 - 72896
E-mail: ir@hlag.com
Internet: www.hapag-lloyd.com
ISIN: DE000HLAG475
WKN: HLAG47
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 993529





 
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993529  10-March-2020 CET/CEST







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