Fenix Outdoor International AG: Press release dividend

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)