On June 7, 2023, the Annual General Meeting of BLG AG approved the proposal of the Board of Management and the Supervisory Board to appropriate the net retained profits (in accordance with the German Commercial Code (HGB)) of EUR 1,075 thousand reported on December 31, 2022 as follows:
Distribution of a dividend of EUR 0.28 per share. This represented a distribution amount of EUR 1,075 thousand and a distribution ratio of 111.4 percent. The dividend was distributed to our shareholders on June 12, 2023.
For the 2023 financial year, the Board of Management and the Supervisory Board will propose to the Annual General Meeting on June 12, 2024 that the net retained profits in the amount of EUR 1,728 thousand be used to pay a dividend of EUR 0.45 per share. This represents a distribution ratio of 88.3 percent.
Shareholders’ rights to dividend payments are recognized as a liability in the period in which the corresponding resolution is passed.