Edison issues flash on PB Holding (PBH) 117 0 Kommentare Bovemij proposes to pay dividend for 2023

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PB Holding's subsidiary Bovemij plans to pay a dividend of €0.60 per certificate.
The dividend still needs to be approved at an extraordinary general meeting.
The proceeds from the dividend may be used for share buybacks or purchasing more Bovemij certificates.

Edison Investment Research Limited
Edison issues flash on PB Holding (PBH): Bovemij proposes to pay dividend for 2023

06-Dec-2023 / 09:36 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, UK, 6 December 2023

Edison issues flash on PB Holding (PBH): Bovemij proposes to pay dividend for 2023

PB Holding reported that the company’s most important asset, car insurer Bovemij, in which it has a 5.3% stake, intends to pay an unexpected special dividend in December 2023 of €0.60 per Bovemij certificate. This represents €0.31m for PB Holding’s 515k Bovemij certificates. The dividend still has to be approved at an extraordinary general meeting on 15 December. Where no revenues were previously expected in 2023, €0.31m revenues can be expected if the dividend is approved.

The decision for Bovemij to pay out a dividend has to do with its 60-year jubilee and its solid financial position. According to PB Holding, a large part of the €0.31m proceeds from the dividend can be used for further buybacks of PB Holding shares and/or the purchase of Bovemij certificates. PB Holding had a net cash position of €0.5m following a share buyback after H1, which is enough to cover operational costs for a few years.

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The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

1790673 06-Dec-2023

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The PB HOLDING Stock at the time of publication of the news with a raise of +0,34 % to 2,94EUR on Euronext Amsterdam stock exchange (05. Dezember 2023, 17:55 Uhr).