The Board of Directors of Viscofan S.A. at the meeting held on November 19th, 2020, has agreed to distribute an interim dividend against 2020 results of 1.40 euros per share.
The payment of this dividend shall be executed on December 22nd, 2020.
Date established to determine the shareholders that are eligible to receive the dividend (record date) is December 21st, 2020.
Date from which the stock will trade without the entitlement to receive dividend (ex-date) is December 18th, 2020.
The agent for payments will be Banco Santander.
In the proposal for the interim dividend the Board of Directors has considered, among other factors, the deterioration of the savings around the world due to the COVID-19 pandemic, especially of the minority shareholders.
Thus, the Board of Directors has deemed it appropriate to bring forward to December 2020 as an interim dividend part of the amount that in other circumstances would have been distributed in the final dividend in June 2021.
The Board of Directors expect to distribute as dividend to its shareholders around 60% to 65% out of the consolidated Net result for the year 2020.
The distribution of the consolidated Net result for the year 2020 will be carried out in two payments: an interim dividend of 1.40 euros per share on December, 22nd 2020, and a final dividend expected in June, 2021.