on STRABAG SE (isin : AT000000STR1)
STRABAG SE Announces Cash Distribution Following Capital Reduction
STRABAG SE confirmed the payment of a cash distribution following a capital reduction resolved on 16 June 2023. This action was decided at the 19th Annual General Meeting to repay shareholders with EUR 9.05 per share. The conditions for this payment were met in March 2024.
Shareholders received a value right for each share, representing this entitlement. Initially, submission of these rights required holder data disclosure. However, with legal actions dismissed, the process is automatic, negating the need for manual submission.
Cash distribution occurs automatically on 3 December 2024, with Erste Group Bank AG as the settlement agent. The distribution avoids capital gains tax deductions and ensures compliance with sanctions against MKAO "Rasperia Trading Limited".
R. H.
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