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STRABAG to pay 2017 and 2018 dividends to core shareholder Rasperia

  • Restructuring: Rasperia confirms it no longer is a “blocked entity” under the US sanctions regime

  • Lighter requirements for all other shareholders to claim dividends for the 2017 and 2018 financial years

MKAO Rasperia Trading Limited (“Rasperia”), Russian Federation, informed publicly listed construction company STRABAG SE on 14 September 2020 and presented credible documentation that as of 4 September 2020 no Specially Designated National (SDN) holds a 50 % or greater interest in it. It is therefore no longer viewed as a so-called blocked entity under the US sanctions regime.

STRABAG SE will therefore pay to Rasperia the net dividends withheld to date for the 2017 and 2018 financial years, totalling € 53,722,500.00, against reciprocal and simultaneous transfer of the “value rights” (Wertrechte). With regard to the control structure, no changes result for STRABAG SE; the syndicate of core shareholders of STRABAG SE remains unchanged.

 

 

 

As Rasperia is no longer considered a blocked entity, any dividend claims by other shareholders that have not yet been asserted for the 2017 and 2018 financial years can now be accessed more easily by the custodian banks. All that is required is the transfer of the respective value rights with no need to submit the previously required confirmation form

Source: STRABAG SE Corporate Communications