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CCC SACCC footwear's EGM to recommend dividend payment of 25-66 pct from 2025-26 fiscal year profit
Listed footwear company CCC's management board plans to recommend a dividend payout of 25-66 percent from 2025-2026 fiscal year profit to the Extraordinary General Meeting of shareholders, the company wrote in a market filing. The management board will also recommend a dividend of 50-66 percent for the 2027-2029 fiscal years.
A condition of the recommendation is that it will not lead to a breach of the financing documents of CCC and its affiliates, including that the net debt to EBIDTA ratio at the end of the financial year to which the proposed profit distribution relates will be below 3.0.
"In recommending the distribution of profit earned in a given financial year, the management board will take into account the Group's financial and liquidity position, existing and future liabilities (including potential restrictions related to loan agreements and issuance of debt instruments) and assessments of the CCC Group's prospects in certain market and macroeconomic conditions," the company stated.
As stated, the dividend policy is applicable starting from the group's consolidated net profit for the financial year ended January 31, 2026.
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