DGAP-Ad-hoc: DEPFA BANK plc / Key word(s): Dividend
DEPFA BANK plc announces dividend declared, but payment delayed
06-Apr-2020 / 14:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Ad Hoc Announcement* - For immediate release
RE: *DEPFA BANK plc announces dividend declared, but payment delayed*
6 April 2020
This notice is issued by, or on behalf, of DEPFA BANK plc ("*DEPFA*") in
respect of the outstanding listed debt instrument identified below. This
announcement may include a communication of inside information for the
purposes of the Market Abuse Regulation (EU) No. 596/2014.
*Issuer* *ISIN* *Stock Exchange *
DEPFA BANK PLC DE000A0ABYA6 Frankfurt
Background: The 2019 Annual Report for DEPFA published on 19 March 2020,
discloses that the board of directors of DEPFA recommended a dividend
payment of Euro 150m to its sole shareholder, FMS-Wertmanagement AöR
("*FMS-WM*"), to be paid on 31 March 2020 subject to shareholder's approval.
Following the issuance of the ECB recommendation on dividend distributions
during the COVID-19 pandemic (ECB/2020/19) published on 27 March 2020 (the
"*ECB Recommendation*") DEPFA adjourned its Annual General Meeting (the
"*AGM*") at which the dividend was due to be declared in order to seek
clarification as to the effect of the ECB Recommendation on DEPFA.
Dividend declared, but payment delayed: At the AGM of DEPFA, held today, a
dividend of Euro 150m to FMS-WM was declared subject to the payment being
made as soon as permitted in line with the latest ECB Recommendation on
Dividend Distributions.
DEPFA is wholly owned by FMS-WM, the German State owned wind-down agency.
*For further information, please contact:*
For *DEPFA*:
Rachel Martin
Head of Communications
Tel.: +353 1 792 2144
rachel.martin@depfa.com
For *FMS-WM*:
Frank Hessel
Tel.: +49 (0) 89 / 9547627-647?
E-Mail: frank.hessel@fms-wm.de
06-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: DEPFA BANK plc
Block 5 Irish Life Centre, Lower Abbey Street
D01 P767 Dublin 1
Ireland
Phone: +353 1 792 2222
Fax: +353 1 792 2211
E-mail: info@depfa.com
Internet: www.depfa.com
ISIN: DE000A0AUJ90
WKN: A0AUJ9
Listed: Regulated Market in Frankfurt (General Standard); London
EQS News ID: 1016241
End of Announcement DGAP News Service
1016241 06-Apr-2020 CET/CEST
(END) Dow Jones Newswires
April 06, 2020 08:27 ET (12:27 GMT)
