TAQA FY 2020 Proforma Consolidated Results and Dividend Policy
Merger timeline and key milestones
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
3 February
Transaction announcement
(ADPower offer to TAQA)
6 April
TAQA Board
of Directors
approval
29 April
TAQA Annual General
Assembly approval
1 July
3 August
Initial Strategy Direction
published
Transaction close and new
management
Moody's standalone / final
credit ratings upgrade
(to baa1/Aa3 stable)
3 July
Fitch standalone / final credit
ratings upgrade
(to bbb+/AA-stable)
5 July
TAQA commitment to
maintaining solid investment
grade standalone credit ratings
10 November
Q3 2020 proforma and
statutory financials,
first for combined entity
Increase FOLS to 49%
from 0%
Propose dividend policy
for shareholder
approval
14 February
18 March
Proposed board
expansion at Annual
General Assembly
FY 2020 proforma financials
and final dividend proposed
(in line with dividend policy)
13 December
Shareholders approve new
dividend policy and interim
cash dividend is paid (for
first time since 2013)
6
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