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Italian Wine Brands distributes the dividend despite Covid

Will be paid 0.4 euros per share

The board of directors of Italian Wine Brands, a company listed on AIM Italia, has approved the proposal for the distribution of an additional ordinary dividend of € 0.4 for each share that will be entitled to it. The dividend is supplementary to the distribution of 0.1 euro per share already made on June 16, 2020 and it's in line with the dividend distribution policy approved at the time of approval of the financial statements at December 31, 2019, which had indicated up to 0,5 euro per share for the sustainable dividend payout.

The distribution of the dividend will take place through the use of profits made by the Company in previous years, in particular through the reserve component "retained earnings" related to the 2019 result. The dividend will be detached on Monday 25 January 2021 and paid out on 27 January.

hef - 15997

EFA News - European Food Agency