TX Group / CH0011178255
29.11.2024 - 06:30:16Ad hoc announcement pursuant to Art. 53 LR Zurich, 29. November 2024 TX Group adjusts dividend policy
| TX Group / Key word(s): Dividend/Miscellaneous Ad hoc announcement pursuant to Art. 53 LR Zurich, 29. November 2024 TX Group adjusts dividend policy 29-Nov-2024 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. TX Group founded SMG Swiss Marketplace Group in 2021 together with Die Mobiliar, Ringier and General Atlantic, and contributed the highly profitable businesses Homegate and Ricardo, as well as Tutti and car4you. As SMG Swiss Marketplace Group has not paid any dividends to date, the distribution of an extraordinary dividend totalling CHF 230 million was approved yesterday. CHF 71 million of this amount will be paid to TX Group and will be included in the Group's free cash flow. In order to reduce fluctuations due to irregular events over the years and to enable better planning, the TX Group Board of Directors has decided to adjust its payout policy. The dividend proposal to the Annual General Meeting will continue to be based on the free cash flow b. M&A after dividends to minorities and repayment of leasing liabilities. The range will be extended to 30 to 50 per cent of the resulting cash flow. In any case, a dividend of CHF 4.00 per share will be proposed for the financial years 2024, 2025 and 2026 from the available funds. The dividend policy aims to take account of the legitimate interests of all stakeholders. The shareholders of TX Group AG have always been committed to sustainability and, with their willingness to reinvest the majority of the profits generated, have enabled the long-term development and expansion of the Group. Contact Ursula Nötzli, Chief Communications & Sustainability Officer, +41 79 462 52 45, ursula.noetzli@tx.group About TX Group The TX Group forms a network of platforms and participations that offers users information, orientation, entertainment and assistance for everyday life on a daily basis. Its roots lie in journalism with the diverse newspapers of Tamedia and the free media of 20 Minuten. The portfolio is complemented by the advertising marketer Goldbach. The TX Group is an anchor shareholder of the SMG Swiss Marketplace Group and JobCloud, holds majority stakes in Doodle and Zattoo and is an investor in the fintech sector through TX Ventures. Founded in 1893, TX Group has been listed on the Swiss stock exchange since 2000. www.tx.group End of Inside Information |
| Language: | English |
| Company: | TX Group |
| Werdstrasse 21 | |
| 8021 Zürich | |
| Switzerland | |
| Internet: | www.tx.group |
| ISIN: | CH0011178255 |
| Valor: | 1117825 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2040805 |
| End of Announcement | EQS News Service |
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