DGAP-Adhoc: DEPFA BANK plc announces dividend declared, but payment delayed

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 DE000A0ABXXX 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.: [phone] 
[e-mail] 
 
For *FMS-WM*: 
Frank Hessel 
Tel.: +49 (0) 89 / 9547627-647? 
E-Mail: [e-mail] 
 
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:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.depfa.com 
ISIN:        DE000A0AUXXX 
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)