Grand City Properties S.A. Halts 2024 Dividend Payout

Grand City Properties S.A. (GCP), a real estate company, has announced that its board of directors will not propose a dividend payment for 2024. This decision will be discussed at the company’s annual general meeting on 24 June 2025. The board cited a continued commitment to a conservative financial strategy as a reason for suspending the dividend payout. This approach aims to maintain financial flexibility and provide the company with the necessary headroom in the current market environment.

The announcement aligns with the Market Abuse Regulation, requiring public disclosure of inside information. It is emphasized that this information does not constitute an offer to buy or sell securities. Grand City Properties S.A. also noted that forward-looking statements are subject to risks and uncertainties, reminding investors that actual outcomes may vary significantly from estimates.