PRESS RELEASE DIVIDEND ZUG 2020-03-17
Fenix Outdoor suggests to cancel the dividend
The Fenix Outdoor Board of Directors proposes to the Annual General
Meeting that no dividend shall paid this year. The Board makes the
assessment that the market situation will continue to be turbulent. The
corona virus and the measures taken in Europe and the US mean that Fenix
Outdoor have to take powerful arrangements both in short and long term.
The financial consequences given the today's uncertain situation are
difficult to predict. The Group has decided to temporarily close down
its Brand Retail shops in the USA, also some Frilufts retail shops in
Germany are temporarily closed down. The measures will require
significant concessions also from our employees. In this situation,
despite the Group's good liquidity situation, to distribute funds to the
owners is to send incorrect signals.
Attachment
-- Press release utdelning dividend
https://ml-eu.globenewswire.com/Resource/Download/091ae778-32a8-49f8-8465-c210779d244e
(END) Dow Jones Newswires
March 17, 2020 10:00 ET (14:00 GMT)
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