VP chairman Anton Mattle and Tiwag boss Entstrasser clarify irritating media reports. Interim financing for a special dividend from the state’s own energy supplier by the state of Tyrol is possible.
Tiwag will contribute 40 million euros in the fight against inflation, which is affecting more and more people in the country. This was announced by ÖVP boss and state councilor Anton Mattle on Tuesday – the “Krone” reported. Mattle is also the chairman of the supervisory board of the Tyrolean energy company, which, as is well known, is 100 percent owned by the state. However, a completely contrary headline in a large format caused irritation on Wednesday. There it was claimed – presumably because of injured vanities – that the Tiwag millions will not flow after all. The fact is, however, that, as reported by “Krone” and other media, there will very well be an additional distribution from Tiwag make a solidary contribution to relieving the burden on Tyroleans by allowing the state, as the owner, to receive an increased distribution over the next two years. The distribution of 40 million euros is based on the annual financial statements and the association’s special dividend. However, so that the money reaches the people quickly, interim financing by the state is also possible. Thus, the Tyroleans are already benefiting from the additional distribution this year. The concrete relief measures have been and are being worked out with the social partners and the coalition partner.” Special distribution is available And Tiwag also corrected the (deliberate?) media misinterpretation on Wednesday. “There is an agreement with our owner that the annual dividend for the financial years 2022 and 2023 could be increased based on the expected results from today’s perspective. A special distribution from the Verbund holding is also available. This expanded dividend payment can flow into the state budget to cushion inflation. The exact payment modalities are currently being worked out in coordination with the owner and the supervisory board, taking into account the requirements of the German Stock Corporation Act,” emphasized Tiwag CEO Erich Entstrasser. Conclusion: much ado about nothing!
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