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Insur Postpones its Dividend Payment and its Capital Increase due to Covid-19

Inmobiliaria del Sur has decided to modify its proposal for sharing the profits generated in 2019, which was going to involve the distribution of €0.37 per share.

Viviendas de Inmobiliaria del Sur en Marbella 1024x614 1

The listed company Inmobiliaria del Sur (Insur) has announced a change in the distribution of its profits generated in 2019 until after the extent of the impact of the Covid-19 crisis on the Spanish real estate business is known.

The Andalucían real estate company will submit this proposal to the General Shareholders’ Meeting that will be held today (Friday). The meeting’s agenda has been reformulated in light of the serious crisis caused by coronavirus. The decisions taken by Insur’s Board of Directors include postponing the distribution of the interim dividend for the 2019 financial year and delaying the company’s planned capital increase, as reported by the firm in a statement to the National Securities Market Commission (CNMV).

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