edding intends to halve the dividend
In view of the recent development of the global Corona pandemic, the Management Board will - contrary to what was originally planned and previously announced in the Corporate News of 13 March 2020 - propose to the Annual General Meeting a reduction in the dividend to be distributed from the net profit for 2019. As the effects of this pandemic are not yet foreseeable, the Management Board considers it necessary to maintain as much financial room for manoeuvre as possible through this measure, albeit that our liquidity situation is still very stable at present.
The Management Board will now propose to the Annual General Meeting a dividend of € 1.20 (previously € 2.40) per ordinary share and € 1.23 (previously € 2.45) per preference share.
About edding AG: The company was founded in 1960 and in 2019 generated consolidated sales of € 141.8 million with an average of 659 employees. The edding Group stands for two brands with different expertise: Under the edding brand, products are developed and sold that apply long-lasting colour to surfaces, from permanent markers to spray cans, compact printers and digital codes. Classic and electronic visual communication products are marketed under the Legamaster brand.
This is an unofficial translation of the communication originally published in German; it was made at a later date. In case of doubt, the German language version shall be binding.