Vienna, 13 April 2016 - The management board of PORR AG will propose to the shareholders' meeting on 24 May 2016 a dividend of EUR 1.00 per share for the last financial year. In addition, the company plans to distribute an extraordinary dividend of EUR 0.50 per share as scrip dividend – a result from the successful de-merger and divestment of the real estate business of PORR AG 2015, explains the top management.
 
Being the first company in Austria to do so, PORR plans a distribution in the form of a scrip dividend. Thereby, the construction company enables its shareholders to receive the extraordinary dividend of EUR 0.50 per share either in cash or in shares.
 
“We are setting new standards in Austria with the scrip dividend. Our shareholders can decide them-selves: will I get the extraordinary dividend in cash, or do I prefer to increase my stake in PORR? Granting this choice is to date unique on the Austrian capital market. I am very pleased to surprise our shareholders not only in our core business with an innovative approach”, says content Karl-Heinz Strauss, CEO of PORR.
 
That's how it works
From a formalistic point of view, scrip dividend means that the extraordinary dividend can be reinvested in treasury shares of PORR AG. A shareholder must hold a sufficient number of shares. Those shareholders who do not hold a sufficient number of shares will receive their dividend payments exclusively in cash. In case the shareholders' meeting approves the scrip dividend on 24 May 2016, a subscription period of two weeks will start in June. The subscription ration will be determined after the end of the subscription period.