DGAP-News: SMA Solar Technology AG / Key word(s): AGM/EGM
SMA Solar Technology AG: Annual General Meeting of SMA Approves
Dividend Payout of EUR1.30 per Share
22.05.2012 / 14:05
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SMA Solar Technology AG Press Release
Annual General Meeting of SMA Solar Technology AG Approves Dividend Payout
of EUR1.30 per Share
Niestetal, Germany, May 22, 2012 - At the 2012 Annual General Meeting of
SMA Solar Technology AG (SMA/FWB: S92) in Kassel, Germany, shareholders
granted full discharge to the Managing Board and Supervisory Board for the
2011 fiscal year with a clear majority of more than 99 percent. The
remaining items on the agenda were also passed with a large majority. About
450 shareholders attended the 2012 Annual General Meeting of SMA Solar
Technology AG, and 83.27 percent of those with voting rights were present.
The Annual General Meeting followed the suggestion of the Managing Board
and Supervisory Board and approved the distribution of a dividend of
EUR1.30 per qualifying bearer share for the 2011 fiscal year (2010: EUR3.00
per share).
'SMA is one of the highest-dividend solar stocks on the TecDax. The
dividend payments also reflect the excellent results, which SMA achieved in
the 2011 fiscal year in a difficult market environment,' explains
Pierre-Pascal Urbon, Chief Executive Officer and Chief Financial Officer of
SMA Solar Technology AG. With sales of EUR1.7 billion and earnings before
interest and taxes (EBIT) of EUR240 million in 2011, SMA achieved the
second-best results in the company's history. The depository banks will
begin dividend payments on May 23, 2012.
The presentation given by the CEO at the Annual General Meeting, along with
further information, can be found on the Internet at
www.sma.de/en/investor-relations/annual-general-meeting.
About SMA
The SMA Group generated sales of EUR1.7 billion in 2011 and is the global
market leader for solar inverters, a key component of all PV plants. It is
headquartered in Niestetal, near Kassel, Germany, and is represented in 19
countries on four continents. The corporate group employs more than 5 500
people worldwide, plus a number of temporary employees that varies on a
seasonal basis. SMA's broad product portfolio includes a compatible
inverter for every type of module on the market and for all plant sizes.
The product range includes inverters both for grid-connected PV plants and
for off-grid systems. SMA can therefore provide an ideal inverter solution
for all plant sizes and types. Since 2008, the Group's parent company, SMA
Solar Technology AG, has been listed on the Prime Standard of the Frankfurt
Stock Exchange (S92) and also in the TecDAX index. In recent years, SMA has
received numerous awards for excellence as an employer and in 2011 and 2012
achieved first place in the nationwide Great Place to Work(R) competition.
SMA Solar Technology AG
Sonnenallee 1
D-34266 Niestetal
Germany
Head of Corporate Communication:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de
Press contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-531400
Presse@SMA.de
Investor Relations contact:
Julia Damm
Investor Relations Officer
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
IR@SMA.de
Disclaimer:
This press release serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.
This press release can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the
executive board of SMA Solar Technology AG (SMA or company) has available
at this time. Future-oriented statements are therefore only valid on the
day on which they are made. Future-oriented statements by nature contain
risks and elements of uncertainty. Various known and unknown risks,
uncertainties and other factors can lead to considerable differences
between the actual results, the financial position, the development or the
performance of the corporation and the estimates given here. These factors
include those which SMA has discussed in published reports. These reports
are available on the SMA website at www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.
End of Corporate News
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22.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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170971 22.05.2012
DGAP-News: SMA Solar Technology AG: Annual General Meeting of SMA Approves Dividend Payout of EUR1.30 per Share
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