EQS-Adhoc: Lenzing AG: Lenzing AG revises its dividend policy
EQS-Ad-hoc: Lenzing AG / Key word(s): Dividend/Strategic Company Decision
Lenzing AG: Lenzing AG revises its dividend policy
21-Jun-2022 / 19:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
Lenzing AG revises its dividend policy
• Minimum dividend of EUR 4.50 per share as of the 2023 financial year
Lenzing – Having concluded its strategy update, the Managing Board of
Lenzing AG decided to revise its dividend policy today. This demonstrates
Lenzing’s confidence in its ambitious growth plans and its ability to
consistently providing attractive dividends to shareholders.
As of the 2023 financial year (with payment scheduled for 2024), Lenzing
plans to pay an annual dividend of at least EUR 4.50 per share (adjusted
for inflation for the years thereafter). The revised dividend policy is
subject to the approval of the Supervisory Board.
The payment of the dividend in any year will be subject to the specific
dividend proposals of the Managing Board and the Supervisory Board. These
proposals may deviate from the new dividend policy if appropriate under
the then prevailing circumstances and will be subject to the approval of
the Annual General Meeting.
Your contact for
Public Relations: Investor Relations:
Dominic Köfner Sébastien Knus
Vice President Corporate Communications & Vice President Capital Markets
Public Affairs Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing,
Werkstraße 2, 4860 Lenzing, Austria Austria
Phone +43 7672 701 2743 Phone +43 7672 701 3599
E-mail [1]media@lenzing.com E-mail [3]s.knus@lenzing.com
Web [2] www.lenzing.com Web [4] www.lenzing.com
About the Lenzing Group
The Lenzing Group stands for ecologically responsible production of
specialty fibers made from the renewable raw material wood. As an
innovation leader, Lenzing is a partner of global textile and nonwoven
manufacturers and drives many new technological developments.
The Lenzing Group’s high-quality fibers form the basis for a variety of
textile applications ranging from elegant clothing to versatile denims and
high-performance sports clothing. Due to their consistent high quality,
their biodegradability and compostability Lenzing fibers are also highly
suitable for hygiene products and agricultural applications.
The business model of the Lenzing Group goes far beyond that of a
traditional fiber producer. Together with its customers and partners,
Lenzing develops innovative products along the value chain, creating added
value for consumers. The Lenzing Group strives for the efficient
utilization and processing of all raw materials and offers solutions to
help redirect the textile sector towards a closed-loop economy. In order
to reduce the speed of global warming and to accomplish the targets of the
Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
has a clear vision: namely to make a zero-carbon future come true.
Key Facts & Figures Lenzing Group 2021
Revenue: EUR 2.19 bn
Nominal capacity: 1,145,000 tonnes
Number of employees (headcount): 7,958
TENCEL™, VEOCEL™, LENZING™, REFIBRA™, ECOVERO™, LENZING MODAL™, LENZING
VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.
══════════════════════════════════════════════════════════════════════════
21-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: Lenzing AG
4860 Lenzing
Austria
Phone: +43 7672-701-0
Fax: +43 7672-96301
E-mail: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1380649
End of Announcement EQS News Service
1380649 21-Jun-2022 CET/CEST
References
Visible links
1. media@lenzing.com
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1380649&site_id=apa_ots_austria&application_name=news
3. s.knus@lenzing.com
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1380649&site_id=apa_ots_austria&application_name=news
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender