In her first meeting as president, Marta Ortega announces a dividend for shareholders of 0.93 euros per share for the year 2022
Inditex is entering the shareholding of a ‘startup’ for the first time and does not rule out a repeat in the future. The chosen one is Circ, committed to recycling textile products through its proprietary technology and will do so by participating in a $30 million round led by BEV, a fund founded by Bill Gates. His goal is for this process to “win on a global scale.”
This was announced by the CEO of the multinational, Óscar García Maceiras, on Tuesday during the general meeting of shareholders that Marta Ortega chaired for the first time. “This is another company’s first capital injection and it is a path that we are leaving open, identifying projects and initiatives that can help us in our sustainability strategy and accelerate it,” García Maceiras told shareholders.
In addition, the CEO acknowledged that the industry is “in a complex context and in complete transformation” that they hope to continue to lead. “With humility, prudence and the greatest ambition, our model is running at full speed, thanks to an excellent commercial performance based on our fashion proposition, the shopping experience we offer our customers, the firm commitment to sustainability and the commitment of our teams,” he said. .
With regard to the dividend, the shareholders have given the ‘green light’ to approve a total dividend corresponding to the fiscal year 2022 of EUR 0.93 per share, of which EUR 0.465 has been paid on May 2 and the remainder will be paid on May 2. Nov. Last March, the board of directors also proposed to pay an extraordinary dividend of EUR 0.40 per share in respect of the fiscal year 2022, which will be paid in fiscal year 2023.
“Thanks to the company’s solid financial position, we are going to deliver on what we committed to in March, which is to pay out an extraordinary dividend of 0.40 cents in 2023,” recalls García Maceiras, confirming that the dividend policy will be maintained with a “payout” of 60%.
Likewise, the meeting approved the ratification and appointment of Marta Ortega – daughter of the company founder – as president of the company, and Óscar García Maceiras, as CEO. Ortega will take over from Pablo Isla, who left the presidency after 17 years at the helm of the company.
Source: La Verdad
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