New Work SE: New Work SE Executive Board proposes an increased regular dividend and payment of a special dividend
February 24, 2022 at 02:11 am EST
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DGAP-Ad-hoc: New Work SE / Key word(s): Dividend
New Work SE: New Work SE Executive Board proposes an increased regular dividend and payment of a special dividend
24-Feb-2022 / 08:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Hamburg, 24 February 2022 - In light of the company's preliminary unaudited figures for the 2021 fiscal year the Executive Board of Hamburg-based New Work SE (ISIN DE000NWRK013) today resolved to put forward a proposal to the Supervisory Board to increase the regular dividend by 8 percent from EUR 2.59 per share to EUR 2.80 per share. The Executive Board also resolved to propose to the supervisory board an additional special dividend distribution of EUR 3.56 per share. New Work's liquid assets of EUR 116.6 million as of the end of 2021 and its cash-generative business model enable it to pay out a special dividend without compromising its continued growth strategy.
After approval of the audited consolidated financial statements by the Supervisory Board, the dividend distribution proposal is to be presented to the Annual General Meeting for resolution. Subject to approval by the Supervisory Board at its plenary meeting to be held on 24 March 2022, and the respective shareholder approval at the Annual General Meeting to be held on 1 June 2022, the total dividend payment will amount to around EUR 35.7 million.
24-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
New Work SE
Am Strandkai 1
20457 Hamburg
Germany
Phone:
+49 (0)40 419 131-793
Fax:
+49 (0)40 419 131-44
E-mail:
ir@new-work.se
Internet:
https://www.new-work.se
ISIN:
DE000NWRK013
WKN:
NWRK01
Indices:
SDAX,
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
New Work SE, formerly Xing SE, is a Germany-based operator of a social network for business professionals in German-speaking countries. The platform, XING, allows professionals from all kinds of different industries to meet up, find jobs, colleagues, new assignments, cooperation partners, experts and generate business ideas. The Company operates through four segments: The B2C segment involves all of the XING platformâs basic features , such us contact management, news, jobs and a number of XINGâs mobile applications, the B2B E-Recruiting segment offers tools and solutions that able companies to find employees and talent; the Marketing Solutions & Events segment offers organizers targeted event promotions and ad formats companies can use to promote their business within a professional environment, and the kununu International segment enables candidates and employees to learn about and rate companies and potential employers. The Company has offices in Europe and the United States.
NEW WORK SE 
