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AAREAL BANK AG (FRA:ARL) Aareal Bank AG: Aareal Bank to comply with the ECB's recommendation on dividend policy - Situation will be re-assessed after 1 October 2020

Directive transparence : information réglementée

05/04/2020 21:33

DGAP-Ad-hoc: Aareal Bank AG / Key word(s): Dividend
Aareal Bank AG: Aareal Bank to comply with the ECB's recommendation on dividend policy - Situation will be re-assessed after 1 October 2020

05-Apr-2020 / 21:33 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.


Aareal Bank to comply with the ECB's recommendation on dividend policy -

Situation will be re-assessed after 1 October 2020

 

Wiesbaden, 5 April 2020 - The Management Board of Aareal Bank AG has resolved - diverging from the proposal for the appropriation of profits, as published in the financial statements - to propose to the Annual General Meeting on 27 May 2020 that the net retained profit should not be used to distribute dividends at this point in time. With this decision - having conducted a detailed review - the Management Board therefore complies with a request by the European Central Bank (ECB) to institutions under its direct supervision to refrain from paying out any dividends for the financial years 2019 and 2020, at least until 1 October 2020. The Management Board reserves the right to submit a new proposal for appropriation of profits to a potential additional General Meeting at a later point in time - provided that the impact of the COVID-19 pandemic can be assessed with more certainty at that time, and that such proposal for appropriation of profits is feasible given the then-prevailing market situation.




Contact:
Jürgen Junginger, Head of Investor Relations

05-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1015729

 
End of Announcement DGAP News Service

1015729  05-Apr-2020 CET/CEST

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