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Pegas Nonwovens SA announces a dividend payout

22 Jul '11

2 min read

PEGAS NONWOVENS SA Company”) declares a dividend payout of EUR 9,229,400, i.e. EUR 1.00 per share and sets the payment date to October 27, 2011.

On July 18, 2011, the Board of Directors of PEGAS NONWOVENS SA approved a dividend payment of EUR 9,229,400, i.e. EUR 1.00 per share (based on the total number of shares being 9,229,400) to the Company's shareholders. The record date (i.e. the day at the end of which shares entitled to a dividend are registered at accounts of the entitled persons held by the settlement systems of Centrální depozitár cenných papíru, a.s, NDS or by other systems) was set to October 20, 2011 and the dividend payment date was set to October 27, 2011. This dividend will be paid from the share premium account of the Company and its payment doesn't require the approval of the General Meeting of Shareholders.

Subject to maintaining satisfactory financial performance and the absence of other
attractive opportunities, PEGAS will endeavour to continue with a progressive dividend policy, no specific payout ratio in terms of Net Profit or an anticipated dividend yield for future years have been stated.

PEGAS NONWOVENS SA is a holding company based in Luxembourg with operating companies based in Znojmo, Czech Republic. PEGAS NONWOVENS is a manufacturer of polypropylene / polyethylene nonwoven textiles for the hygiene, industrial, construction, agricultural, medical and other specialized sectors. These textiles are primarily used for the manufacture of baby diapers, feminine hygiene and adult incontinence products. The Company is active in developing new products demanded by the market and thereby maintains its position of technology leader in the European nonwovens market. PEGAS NONWOVENS currently has more than 400 employees.

PEGAS Nonwovens SA