Grand City Properties S.A. suspends 2023 dividend payout due to market uncertainties.
Grand City Properties S.A. has decided to suspend their 2023 dividend payout due to ongoing elevated market uncertainties. The company's Board of Directors has made this decision as visibility on the full impact on leverage, transaction markets, valuation, and cost of financing remains limited. The annual general meeting scheduled for 26 June 2024 will not recommend a dividend payment for 2023.
March 12, 2024
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