MADRID, 22 Mar. (EUROPA PRESS) -

Metrovacesa will propose to the general shareholders' meeting to be held on April 25, at first call, the distribution among shareholders of a dividend amounting to 0.33 euros per share, charged to unrestricted reserves.

As reported by the company to the National Securities Market Commission (CNMV) this Wednesday, this dividend, which in total will involve an approximate outlay of 50 million euros, will be paid around May 19.

The real estate developer has highlighted that, after the distribution of this dividend, its net worth will continue to be greater than its share capital.

Metrovacesa justifies the distribution of this shareholder remuneration in the "adequate" balance sheet structure of the company as of December 31, 2022. Thus, it stresses that there is "sufficient liquidity" for this distribution, taking into account the operating cash generated during the year 2022, from its land promotion and sale activities.

Metrovacesa's general shareholders' meeting will also vote on the re-election of PriceWaterhouseCoopers as accounts auditor for 2023, as well as the remuneration policy for the company's directors for the years 2024, 2025 and 2026.