Grevenmacher (Luxembourg) - In December 2018, Logwin AG had submitted submitted to the Luxembourg Financial Administration a request that future disbursements to shareholders up to the total amount of historical losses of the company may be treated as repayment of the so-called agio reserves which would then not have been subject to Luxemburg withholding tax of 15 percent.
As a consequence of a ruling from the Luxembourg financial administration, Logwin AG will now propose to its shareholders - in divergence from its previous proposal - that the payment of EUR 3.50 shall be made as a dividend from the annual result of the company in line with previous years. This dividend will be subject to the Luxemburg withholding tax. The agenda of the annual ordinary general meeting which has been published will be amended and will be published shortly.
Person making the notification: Sebastian Esser (Chief Financial Officer)
