DGAP-News: SMA Solar Technology AG / Key word(s): AGM/EGM
SMA Solar Technology AG: Annual General Meeting of SMA Solar
Technology AG Approves Dividend Payout of EUR0.60 per Share
23.05.2013 / 15:29
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SMA Solar Technology AG - Corporate News
Annual General Meeting of SMA Solar Technology AG Approves Dividend Payout
of EUR0.60 per Share
Niestetal, May 23, 2013 - SMA Solar Technology AG (SMA/FWB: S92)
shareholders granted full discharge to the Managing Board and Supervisory
Board for the fiscal year 2012 with a clear majority of over 99 percent at
today's 2013 Annual General Meeting in Kassel. The remaining items on the
agenda were also passed with a large majority. More than 450 shareholders
attended the 2013 Annual General Meeting of SMA Solar Technology AG, and 87
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 payout of a dividend of EUR0.60 per qualifying bearer
share for the fiscal year 2012
(2011: EUR1.30 per share).
'SMA stands by its long-term dividend policy, even in difficult times. With
a payout ratio of 27.7 percent based on consolidated net profit, we are
within our target shareholder participation of 20 to 40 percent. The
predominant portion of the generated profit will remain in the company.
This is appropriate, since SMA, as a technology company, invests
considerable resources in research and development - in other words, in the
future,' explains SMA Chief Executive Officer Pierre-Pascal Urbon. The SMA
group generated sales of EUR1.5 billion in 2012 and an operating profit
(EBIT) of EUR102 million. The SMA Managing Board predicts sales of EUR0.9
billion to EUR1.3 billion and a break-even result in the best scenario for
2013. The Managing Board cannot exclude the possibility of a loss. The
dividends for the fiscal year 2012 will be paid out through the depository
banks starting on May 24, 2013.
Ullrich MeÃmer resigned from his position as a member of the Supervisory
Board at SMA after the Annual General Meeting. His colleague Oliver Dietzel
is to succeed him, subject to the approval of the District Court Kassel.
Oliver Dietzel is the authorized representative of IG Metall in North Hesse
and would carry out his position as a member of the SMA Supervisory Board
as a part of his operative responsibilities in the region. Further employee
representatives on the 12-person SMA Supervisory Board, which represents
shareholders and employees equally, are Dr. Günther Häckl, Johannes Häde,
Alexander Naujoks, Joachim Schlosser and Mirko Zeidler. Shareholder
representatives include, as before, Günther Cramer (Chairman), Peter Drews,
Dr. Erik Ehrentraut (Deputy Chairman), Dr. Winfried Hoffmann,
Prof. (em.) Dr.-Ing. Werner Kleinkauf and Reiner Wettlaufer.
The speech and presentation given by the Managing Board 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 EUR1.5 billion in 2012 and is the global
market leader for solar inverters, a key component of all PV plants and,
as an energy management group, offers innovative key technologies for
future power supply structures. It is headquartered in Niestetal, near
Kassel, Germany, and is represented internationally in 21 countries. The
Group employs more than 5,000 people worldwide. 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 both inverters
for photovoltaic plants connected to the grid as well as inverters for
off-grid systems. SMA is therefore able to provide ideal technical inverter
solutions 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
achieved first place in the nationwide 'Great Place to Work(R)' competition
in 2011 and 2012 and fourth place in 2013.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
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 9522-421400
Presse@SMA.de
Investor Relations contact:
Julia Damm
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
IR@SMA.de
Disclaimer:
This corporate news 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 corporate news 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 Managing
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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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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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212737 23.05.2013
DGAP-News: SMA Solar Technology AG: Annual General Meeting of SMA Solar Technology AG Approves Dividend Payout of EUR0.60 per Share
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