OMV amends dividend policy with special dividends as new, additional instrument
Public disclosure of inside information according to Art 17 MAR
OMV decided to amend its shareholder distribution policy and add special dividends as a new, additional instrument to the existing dividend policy. The progressive regular dividend policy is maintained and unaffected by this amendment.
When OMV’s leverage ratio is below 30%, OMV aims to distribute approximately 20% to 30% of OMV Group's operating cash flow (including net working capital effects) per year to its shareholders through its regular dividend, as a priority, and additionally, if sufficient funds are available, through the new instrument of a special dividend. In case of a leverage ratio of 30% or higher, OMV’s progressive regular dividend will be maintained, but no special dividend shall be paid.
Please note: This dividend policy represents the current aim of the Executive Board and the Supervisory Board of OMV and may be revised in the future. Also, the dividend payments in any given year are subject to specific dividend proposals by the Executive Board and the Supervisory Board, each of which may elect to deviate from this dividend policy if appropriate under the then prevailing circumstances, as well as to the decision of the Annual General Meeting.