Randstad removes dividend payments proposal for 2019
Randstad has removed its 2019 ordinary cash dividend proposals from its annual general meeting of shareholders, which was due to be held tomorrow (24th March), as a precautionary measure in response to the coronavirus outbreak.
“We want to ensure Randstad has the flexibility to react to changes in market conditions and guarantee the stability of the business,” said Wout Dekker, chair of the supervisory board, “and fully support the leadership demonstrated by the Executive Board in these challenging times.”
Jacques van den Broek, CEO Randstad, commented, “We are taking this decision as a precautionary measure. In the current environment with insufficient visibility, capital preservation is a key priority. The removal of our dividend proposal is the prudent measure to do as we balance the needs of stakeholders, including candidates, clients, employees, investors and others. As always, Randstad’s first priority is the health and safety of our employees, candidates, clients, and the communities in which we operate, I would also like to take this opportunity to thank my Randstad colleagues for their incredible commitment and dedication with which they are responding to these difficult times. As we speak, all our colleagues around the world are in remote daily contact with their clients and candidates.”
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