Against the background of the decision to exit the HBPO joint venture, Hella is planning the payment of a ‘special dividend’ of € 2.61 per share. These plans will be put to the AGM next April.
Hella had held a third of the shares in HBPO; the sale of this stake was successfully completed to the previous co-shareholder Plastic Omnium. The special dividend corresponds approximately to the agreed purchase price of € 290 million (including dividend) that Hella achieved through the sale of the HBPO stake.
READ: Hella to exit joint venture with Plastic Omnium
“With the planned payment of a special dividend, we want our shareholders to participate in the revenues from the successful sale of the share. This is possible not least because of our extremely solid financial position. Therefore, we will be able to achieve our strategic aims even after this planned special dividend”, said CEO Michel Favre. “Irrespective of this, we will maintain our established dividend policy in the usual manner for the short fiscal year 2022 as well.”
It is planned to continue to distribute around 30 percent of the balance sheet profit for the regular dividend. The exact amount of the regular dividend proposal will be decided in combination with the preparation and review of the annual and consolidated financial statements for the short fiscal year 2022.
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