Citazione:
Originalmente inviato da Mais78
March 15 (Bloomberg)
Bawag made a “small” profit last year and won’t pay a
dividend, the paper reported.
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Percio’ non paga dividend sulle azioni, ma che fara’ sulle Preferenc Share, come la bawag isin DE0008600966 (BAWA.AS)?
Ho provato a leggere il prospetto informative che recita:
BAWAG will not be obliged to make any payment in respect of
dividends under the Support Agreement in any calendar year:
(a) to the extent that such payment, together with the amount of:
(i) any dividends (including any Additional Amounts, as defined in ``Description of the Preference Shares'', in respect thereof) previously paid by the Issuer in respect of the Preference Shares in the then current fiscal year; (ii) any dividends previously paid on, or payments made to holders in respect of, Dividend Parity Securities (as defined in ``Description of the Preference Shares'') in the then current fiscal year; and
(iii) any dividends proposed to be paid on, or payments proposed to be made to holders in respect of, Dividend Parity Securities in the then current calendar quarter, would exceed ``Distributable Funds'' (as defined in ``Description of the Preference Shares'') in relation to BAWAG for the prior fiscal year; or (b) even if Distributable Funds are sufficient, to the extent that, in accordance with applicable Austrian banking regulations affecting banks which fail to meet their capital ratios on a consolidated basis, BAWAG would be limited in making payments on preferred or preference shares issued by it ranking pari passu as to participation in profits with BAWAG's obligations under the Support Agreement.
``Distributable Funds'' means, in respect of each fiscal year of BAWAG, the aggregate amount, as calculated as of the end of the immediately preceding fiscal year in the individual financial statements of BAWAG, of accumulated retained earnings and any other reserves and surpluses capable under Austrian law of being available for distribution as cash dividends to holders of Bank Share Capital, but before deduction of the amount of any dividend or other distribution declared on Bank Share Capital in respect of such prior fiscal year;
Io, nella mia scarsa competenza, deduco che, essendoci un profit, ci dovrebbe essere distribuitable funds, e dovrebbe pagare....
Potrebbe qualcuno dei "grandi saggi"
del forum darmi qualche chiarimeto su questa cosa?
Grazie tanto anticipato
PS. Grande Negus, visto che sei da queste parti, magari potresti darci qualche piccolo chiarimento sui basic delle Preference Share
Grazie ancora