AMG Advanced Metallurgical Group N.V. Announces Change in Dividend Policy
08/05/2015
AMSTERDAM, Netherlands, Aug. 5, 2015 (GLOBE NEWSWIRE) -- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that the Supervisory Board of AMG has approved a change in the Company's dividend policy to allow for the payment of dividends to shareholders. In line with Dutch corporate governance best practices, the change will be discussed during AMG's 2016 Annual General Meeting. Consistent with AMG's Corporate Strategy, the company will continue to retain a portion of future earnings to improve the strength of its balance sheet and finance the development and expansion of its business.
The change in policy reflects AMG's strong balance sheet liquidity, as well as the Board's confidence in our long-term ability to generate solid cash flow.
About AMG
AMG is a global critical materials company at the forefront of CO2 reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.
AMG produces aluminum master alloys and powders, titanium alloys and coatings, ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and silicon metal. AMG Engineering designs and produces vacuum furnace equipment and systems used to produce and upgrade specialty metals and alloys for the transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service offices in Russia and Japan (www.amg-nv.com).