The capital reduction of € 200 million, which refers to the 1st item of the agenda of the Invitation to the Extraordinary General Meeting of May 9, 2022 of TITAN, will be distributed to shareholders in future installments in one or more installments, without time limits, it clarifies in an announcement. The company.
In more detail, he notes:
“Titan Cement International SA (Euronext Brussels, Athens Stock Exchange and Euronext Paris, TITC) announces that following the completion of the audit by the auditing company, PwC Bedrijfsrevisoren BV, the consolidated results of the Group were adjusted upwards. of taxes, depreciation and amortization of the Group (EBITDA) for 2021 amount to € 275.2 million and net profits after taxes & minority interests (NPAT) to € 91.9 million (compared to € 272.4 million and € 89.6 million respectively, as stated in the Press Release of March 17, 2022 (“Results for the Year 2021”). The audited financial statements are included in the Single Annual Report 2021 to be published on Monday, April 11, 2022.
The Company also clarifies that the capital reduction of € 200 million, which is mentioned in the 1st item of the agenda of the Invitation to the Extraordinary General Meeting of May 9, 2022, will be distributed to shareholders in the future in one or more installments, without time limits.
The return on capital for 2021 amounts to € 0.50 per share, as announced in the press release of the Results 2021 of March 17, 2022 “, concludes TITAN.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
