Volkswagen will distribute this Monday a special dividend of 19.06 euros per share for the IPO of Porsche

MADRID, 9 Ene.

Volkswagen will distribute this Monday a special dividend of 19.06 euros per share for the IPO of Porsche

MADRID, 9 Ene. (EUROPA PRESS) -

Volkswagen will distribute this Monday, January 9, a special dividend among its shareholders of 19.06 euros for each ordinary and preferred title entitled to it, which corresponds to a 'pay out' of 49% of the total gross income generated by the public offering for sale (IPO) of Porsche shares.

This special dividend was approved by Volkswagen shareholders at the extraordinary general meeting held on December 16 and was supported by 99.99% of shareholders on the recommendation of the company's board of directors.

"This corresponds to a payment rate of 49% of the total gross proceeds of the value of the placement of 25% of the preference shares of Porsche AG before the implementation of the stabilization measures in connection with the IPO of Porsche and of the sale of 25% plus one share of the ordinary shares of Porsche AG to Porsche Automobil Holding," Volkswagen detailed in a statement at the time.

The German automobile manufacturer Porsche became part of the DAX, the German selective equivalent to the Spanish Ibex 35, on December 19, replacing the textile company Puma, which was included in the index of mid-cap companies.

In this way, the automobile company, part of the Volkswagen group, accompanies its parent company in the German selective, which brings together the main 40 companies in the country.

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