Information concerning the 2020 annual general meeting and payouts to shareholders in respect of the 2019 financial year
May 15 2020 - 1:30AM
Information concerning the 2020 annual general meeting and payouts
to shareholders in respect of the 2019 financial year
Press release
Information concerning the 2020 annual general
meeting and payouts to shareholders in respect of the 2019
financial year
Paris, 15 May 2020
In view of the uncertainties around the duration
of the public health crisis and its impact on MRM’s business
activity, the Company’s Board of Directors decided at its meeting
on 14 May 2020 to withdraw, by way of caution, the proposed payout
of €0.11 per share in respect of the 2019 financial year as
announced on 28 February.
The Board of Directors believes that this
decision is in the interests of the Company and its stakeholders.
MRM benefits from a healthy financial position with bank debt under
control. Nevertheless, cancelling the dividend will help to
consolidate its liquidity position even though it has sufficient
cash available, notably to absorb measures aimed at supporting
tenants affected by the public health crisis and to finance the
completion of extension and redevelopment project at the
Valentin shopping centre near Besançon.
Depending on how the situation evolves, the
Board of Directors reserves the possibility, as from 1 October
2020, to reconsider the possibility of a payout to
shareholders.
Measures taken for holding the annual
general meeting
The Company’s annual general meeting will be
held at 10 a.m. on 26 June 2020 at its head office at 5, avenue
Kléber, Paris, unless a deterioration of the public health
situation or a regulatory requirement forces the Company to hold
the meeting behind closed doors.
However, MRM invites its shareholders to opt for
postal voting wherever possible.
The meeting notice, comprising the agenda, draft
resolutions proposed by the Board of Directors and the description
of the main procedures for attending the meeting, will be published
in the Bulletin des Annonces Légales Obligatoires on 22 May 2020
and available on the Company’s website on the same day.
Calendar
Revenues for the second quarter and 2020 annual
results are due on 29 July 2020 before market opening.
About MRM
MRM is a listed real estate investment company
that owns and manages a portfolio of retail properties across
several regions of France. Its majority shareholder is SCOR SE,
which owns 59.9% of share capital. MRM is listed in Compartment C
of Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM:FP –
Reuters code: MRM.PA). MRM opted for SIIC status on 1 January
2008.
For more information:
MRM5, avenue Kléber75795 Paris Cedex 16FranceT +33
(0)1 58 44 70 00relation_finances@mrminvest.com |
Isabelle Laurent,
OPRG FinancialT +33 (0)1 53 32 61 51M +33 (0)6 42
37 54
17isabelle.laurent@oprgfinancial.fr |
Website: www.mrminvest.com
- MRM - Board of Directors PR 15052020
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