DGAP-News: Grammer AG / Key word(s): AGM/EGM
Grammer AG Annual General Meeting resolves to pay a dividend of EUR
0.50 per share
05.06.2013 / 16:09
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Grammer AG Annual General Meeting resolves to pay a dividend of EUR 0.50
per share
Amberg, June 05, 2013 - At the Grammer AG ordinary Annual General Meeting
today, shareholders voted in favor of a dividend of EUR 0.50 per share for
the 2012 fiscal year. The increase of the profit distribution is
substantially higher than the increase of net profit and therefore
represents another positive step to position Grammer as an attractive
dividend paying stock within the equity market. For the 11,214,624 total
shares according dividend rights, the company will distribute roughly EUR
5.6 million, or 37 percent of Grammer AG's retained earnings. 'This payout
is a solid ratio within an investment and capital intensive segment like
the supplier industry. Besides an adequate amount for our shareholders it
allows us to secure the future growth of the company,' emphasized Hartmut
Müller, CEO of Grammer AG in his speech.
More than 48 percent of voting capital was represented at the Grammer AG
Annual General Meeting. A decisive majority of shareholders voted to
formally approve the work of the Executive and Supervisory Boards in fiscal
year 2012. All other proposals were adopted by the Annual General Meeting
with substantial majorities as well.
Company Profile
GRAMMER AG, Amberg, Germany, is specialized in the development and
production of components and systems for automotive interiors as well as
driver and passenger seats for offroad vehicles (tractors, construction
machinery, forklifts), trucks, buses and trains. In the Automotive
division, we supply headrests, armrests and center console systems to
premium automakers and automotive system suppliers. Our Seating Systems
division comprises the truck and offroad seat segments as well as train and
bus seating.
GRAMMER is represented in 18 countries worldwide with a workforce of
approx. 9,000 employees across its 26 fully consolidated subsidiaries.
GRAMMER shares are listed in the SDAX segment of the German Stock Exchange,
and are traded on the Munich and Frankfurt stock exchanges, via the Xetra
electronic trading platform and on the OTC markets of the Stuttgart, Berlin
and Hamburg stock exchanges.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com
End of Corporate News
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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215044 05.06.2013
DGAP-News: Grammer AG Annual General Meeting resolves to pay a dividend of EUR 0.50 per share
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