POLYTEC HOLDING AG: POLYTEC Board of Directors proposes to the Annual General Meeting that no dividend be distributed for 2019

Hörsching (pta040/08.07.2020/20:25 UTC+2) .
Today, the Board of Directors of POLYTEC Holding AG agreed to alter the dividend proposal to the Supervisory Board and the Annual General Meeting for the 2019 financial year and not distribute a dividend. Originally, a proposed dividend of EUR 0.25 per share was communicated.

At present, the possible effects of a potential re-intensification of the COVID-19 pandemic upon POLYTEC Holding AG and its subsidiaries are difficult to assess. In addition, the Board of Directors wishes to retain the option of receiving government grants. Therefore, although the financial situation of POLYTEC Holding AG would permit a dividend payment at any time, today the Board of Directors nevertheless decided not to distribute a dividend.

The 20th Ordinary Annual General Meeting of POLYTEC Holding AG will take place at the company seat on Friday, 7 August 2020 at 10.00 a.m. (CEST) as an attended event.

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Emitter:	POLYTEC HOLDING AG Polytec-Straße 1 4063 Hörsching Austria
Contact Person:	Mag. Paul Rettenbacher
Phone:	+43 7221 701 292
E-Mail:	paul.rettenbacher@polytec-group.com
Website:	www.polytec-group.com
ISIN(s):	AT0000A00XX9 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)