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Allgeier wants to spin off Nagarro – dividend announced

Allgeier shareholders are to receive a distribution for the 2019 financial year. The company intends to propose to the Annual General Meeting that a dividend of EUR 0.50 per Allgeier share be paid. Such an amount was “appropriate and justified,” the company said on Friday. “The decision was made by the Management Board and the Supervisory Board against the background of the continued good business development in the first half of 2020,” said Allgeier.

At the general meeting, the Allgeier shareholders should also vote on a spin-off of the Nagarro group. “The demerger agreement between Allgeier SE and Nagarro SE will be notarized today”, announce the Munich company.

In addition, Allgeier wants to sell its own shares. According to the company, the 105,351 own shares will be sold to investors on the stock exchange or as a block trade in the next three months.

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