BRIEF-Credit Suisse Adjusts Dividend Proposal For 2020 AGM Due To Coronavrirus And Finma Request [Reuters]
Credit Suisse Group American Depositary Shares (CS)
US:NYSE Investor Relations:
credit-suisse.com/corporate/en/investor-relations.html
Company Research
Source: Reuters
BRIEF-Credit Suisse Adjusts Dividend Proposal For 2020 AGM Due To Coronavrirus And Finma Request April 9 (Reuters) - Credit Suisse Group AG: * BOARD OF DIRECTORS PUBLISHES ADJUSTED DIVIDEND PROPOSAL FOR 2020 ANNUAL GENERAL MEETING * IN LIGHT OF COVID-19 PANDEMIC AND IN RESPONSE TO A REQUEST BY SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY FINMA (FINMA), BOARD OF DIRECTORS TODAY ANNOUNCED AN ADJUSTED DIVIDEND PROPOSAL TO SHAREHOLDERS * INSTEAD OF A TOTAL DIVIDEND OF CHF 0.2776 GROSS PER SHARE AS ORIGINALLY ANNOUNCED ON MARCH 25, 2020, A TOTAL OF CHF 678 MILLION, BOARD OF DIRECTORS IS PROPOSING A CASH DISTRIBUTION OF CHF 0.1388 GROSS PER SHARE, WITH HALF BEING PAID FROM RETAINED EARNINGS AND HALF OUT OF CAPITAL CONTRIBUTION RESERVES * IN AUTUMN OF 2020, BOARD OF DIRECTORS INTENDS TO PROPOSE A SECOND CASH DISTRIBUTION OF CHF 0.1388 GROSS PER SHARE, WHICH WOULD BE PRESENTED FOR APPROVAL AT AN EXTRAORDINARY GENERAL MEETING AT THAT TIME, SUBJECT TO MARKET AND ECONOMIC CONDITIONS. * WHILE BOA
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