PRESS RELEASE

from PATRIZIA Immobilien AG (isin : DE000PAT1AG3)

EQS-Adhoc: PATRIZIA SE: New dividend policy and proposal of a dividend of EUR 0.34 per share for FY 2023

EQS-Ad-hoc: PATRIZIA SE / Key word(s): Dividend/Strategic Company Decision
PATRIZIA SE: New dividend policy and proposal of a dividend of EUR 0.34 per share for FY 2023

28-Feb-2024 / 12:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The Board of Directors of PATRIZIA SE has today – based on a proposal by the Executive Directors – decided to update the Group’s dividend policy and to propose to shareholders an increased dividend for FY 2023.

PATRIZIA proposes a dividend of EUR 0.34 per share for FY 2023, equivalent to an increase of EUR 0.01 or 3.0% compared to last year. The increase is the sixth consecutive increase in dividends to shareholders since dividend payments were initiated in FY 2017. Shareholders will vote on the dividend proposal during the AGM on 12 June 2024.

The new dividend policy is based on the following pillars:
a)    PATRIZIA strives to offer steadily growing dividends to its shareholders throughout market cycles, backed by its strong balance sheet and financial flexibility
b)    Long-term, PATRIZIA aims to distribute more than 50% of the Group’s annual net profit attributable to shareholders in the form of dividends

The application of the dividend policy for future years is subject to the Group’s balance sheet strength, profitability, available liquidity and the general market environment.


Contact:
Martin Praum
Head of Investor Relations & Group Reporting
Phone: +49 69 643505-1114
investor.relations@patrizia.ag


End of Inside Information

28-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:English
Company:PATRIZIA SE
Fuggerstraße 26
86150 Augsburg
Germany
Phone:+49 (0)821 - 509 10-000
Fax:+49 (0)821 - 509 10-999
E-mail:investor.relations@patrizia.ag
Internet:www.patrizia.ag
ISIN:DE000PAT1AG3
WKN:PAT1AG
Indices:SDAX
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1847363

 
End of AnnouncementEQS News Service

1847363  28-Feb-2024 CET/CEST

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