On June 7, 2024, 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 1,728 thousand reported on December 31, 2023 as follows:
Distribution of a dividend of EUR 0.45 per share. This represented a distribution amount of EUR 1,728 thousand and a distribution ratio of 88.3 percent. The dividend was distributed to our shareholders on June 12, 2024.
For the 2024 financial year, the Board of Management and the Supervisory Board will propose to the Annual General Meeting on June 11, 2025 that the net retained profits in the amount of EUR 1,920 thousand be used to pay a dividend of EUR 0.50 per share. This represents a distribution ratio of 53.4 percent.
Shareholders’ rights to dividend payments are recognized as a liability in the period, in which the corresponding resolution is passed.