on Snow Lake Resources Ltd. (isin : LU2356314745)
Novem Group S.A. Proposes Dividend Suspension Amid Market Challenges
On June 16, 2025, Novem Group S.A. announced a proposal to suspend dividend payments for the fiscal year 2024/25. The decision, supported by both the Management and Supervisory Boards, will be presented at the Annual General Meeting scheduled for August 21, 2025.
The move is attributed to weak market conditions which are further complicated by ongoing uncertainties in US tariff discussions. By suspending the dividend, Novem Group aims to navigate the current economic challenges more effectively and stabilize its financial positioning.
This strategic decision reflects the company's response to external economic pressures, prioritizing long-term stability over immediate shareholder returns.
R. H.
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