Novabase S G P S S A : Resolution of the Board of Directors regarding the shareholder remuneration proposal to the Annual General Meeting of Shareholders of 2020
March 30, 2020 at 01:23 pm EDT
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Resolution of the Board of Directors regarding the intention previously announced of presenting a shareholder remuneration proposal to the Annual General Meeting of Shareholders of 2020
Lisbon, 30 March 2020
Novabase, Sociedade Gestora de Participações Sociais, S.A. ("Novabase") informs that, due to the current context of great uncertainty, its Board of Directors has resolved today to revert its intention of proposing to the Annual General Meeting of 2020 the distribution of approximately 26.7 million euros to the shareholders, through the reduction of the share capital of Novabase in the same amount, as previously disclosed to the market, having resolved within this context not to propose the aforementioned remuneration to the Annual General Meeting of 2020. This resolution is taken in the context of the current prevention measures that aim at ensuring the financial resilience of the company and its competitiveness during and after the COVID-19 pandemic. This payment would represent a remuneration of 85 euro cents per share.
The commitment assumed towards the shareholders, on 25 July 2019 upon disclosure of the Novabase Strategic Update 2019+, of distributing 1.5€/share in the period 2019-2023 remains, but will be postponed to a more suitable moment.
María Gil Marín
Novabase - Sociedade Gestora de Participações Sociais, SA
Chief Investors Office
Public Company
Phone: +351 21 3836300
Registered Office: Av. D. João II, nº 34, Parque das Nações, 1998-031 Lisboa
Fax.: +351 21 3836301
Share Capital: € 54,638,425.56
investor.relations@novabase.pt
Lisbon Commercial Registry Office registration and legal person number 502.280.182
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Novabase SGPS SA published this content on 30 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2020 17:22:05 UTC
Novabase S.G.P.S., S.A. is Portugal's number one computing company. The company currently has offices in Portugal, Angola, Mozambique, Spain, the United Kingdom, the Netherlands, the Middle East and Turkey. Novabase S.G.P.S., S.A.'s mission is to make life easier and more enjoyable for people and companies through the use of technology. Engineering and management combine with human sciences and design to create solutions focused on people.
Novabase S G P S S A : Resolution of the Board of Directors regarding the shareholder remuneration proposal to the Annual General Meeting of Shareholders of 2020
NOVABASE S.G.P.S., S.A. 
