EFG International has announced an amendment to the dividend proposal for the 2019 financial year, as originally published on April 2, 2020 with the agenda for the Annual General Meeting. 

 

In line with the recommendation from the Swiss Financial Market Supervisory Authority FINMA as well as with current market practice against the background of the COVID-19 situation, the Board of Directors will propose distributing the previously announced 2019 dividend of CHF 0.30 per share in two equal instalments.

 

Under the amended dividend proposal, the Board of Directors of EFG International will propose to the Annual General Meeting on April 29, 2020 that a cash distribution be made out of reserves from capital contributions of CHF 0.15 per share. 

 

The Board of Directors intends to propose a second cash distribution of CHF 0.15 per share to an Extraordinary General Meeting in the fourth quarter of 2020, subject to market and economic conditions. -- Tradearabia News Service