May 14, 2020 / 5:59 AM / 15 days ago

BRIEF-Inmobiliaria Colonial: Board Of Directors Proposes 9% Reduction Of Dividends

May 14 (Reuters) - Inmobiliaria Colonial SOCIMI SA :

* BOARD OF DIRECTORS HAS PROPOSED TO REDUCE BY 9% THE AMOUNT TO BE DISTRIBUTED TO SHAREHOLDERS AS DIVIDENDS

* GENERAL MEETING WILL VOTE ON THE DISTRIBUTION OF DIVIDEND OF 0.20 EUROS PER SHARE

* PROPOSED AMENDMENT IS DUE TO UNCERTAINTY PRODUCED BY COVID-19 AND ITS ECONOMIC AND SOCIAL CONSEQUENCES ACCORDING TO THE FORECASTS PUBLISHED BY INTERNATIONAL REGULATORY BODIES

* THE AMENDMENT TO THE PROPOSED PROFIT DISTRIBUTION AND DISTRIBUTION OF RESERVES DOES NOT AFFECT THE CO’S FINANCIAL POSITIONS

Source text: bit.ly/2LtrqfM

Further company coverage: (Gdansk Newsroom)

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