DGAP-News: GRENKELEASING AG: For the first time, GRENKE plans to offer its shareholders a choice in the type of dividend

        Print
| Source: EQS Group AG
DGAP-News: GRENKELEASING AG / Key word(s): Capital Increase
GRENKELEASING AG: For the first time, GRENKE plans to offer its
shareholders a choice in the type of dividend

28.02.2014 / 15:09

---------------------------------------------------------------------

Not for distribution or release in or into the United States of America,
Australia, Canada or Japan, or in any other jurisdiction in which offers or
sales would be prohibited by applicable law.

For the first time, GRENKE plans to offer its shareholders a choice in the
type of dividend

- The dividend may either be paid in cash or be paid as a combination of
cash and shares of the Company (scrip dividend)
- The issuance of new shares from existing authorised capital is planned
- Scrip dividend is seen as an attractive and innovative opportunity for
GRENKE's shareholders to increase their commitment to the Company

Baden-Baden, February 28, 2014: For the first time, GRENKE plans to offer
its shareholders the option of receiving the dividend entirely in cash or
as a combination of cash and shares in GRENKELEASING AG (scrip dividend).
In view of the favourable development of 2013 and the Company's positive
outlook, the Board of Directors and the Supervisory Board will propose a
dividend of EUR 1.00 per share for the 2013 fiscal year to the Annual
General Meeting of GRENKELEASING AG on April 10, 2014. This represents a
distribution of EUR 14.7 million.

"For the first time, GRENKE's shareholders have the choice of receiving
part of their dividend in the form of additional shares in GRENKE. This
gives shareholders an opportunity to increase their commitment to GRENKE.
Through the re-investment of the dividend in the Company, shareholders can
strengthen the financial position and equity base of the GRENKE
Consolidated Group and support its growth strategy", commented Wolfgang
Grenke, Chairman of the Board of Directors of GRENKELEASING AG.

"We are offering a 2% discount on the market price of the shares determined
to those GRENKE shareholders who choose to receive the scrip dividend. The
subscription price is expected to be announced on our website, among
others, on April 25, 2014", explained Jörg Eicker, Chief Financial Officer
(CFO) of GRENKELEASING AG.

In order to create the necessary number of new shares of GRENKELEASING AG,
which are to serve as the underlying shares for the scrip dividend, the
authorised capital already in existence will be utilised and a capital
increase for contribution in kind with shareholders' subscription rights is
to be resolved following the Annual General Meeting of GRENKELEASING AG.

The subscription offer for purchasing the new shares is expected to be
published on April 11, 2014. Following the notification, GRENKE
shareholders may decide whether or not they would like to receive the scrip
dividend in the period from April 11, 2014 to April 28, 2014. Shareholders
who would not like to receive the scrip dividend, or who take no action,
are expected to receive the customary cash dividend on May 6, 2014.
Delivery of the new shares is planned on May 8, 2014.

Scrip dividend - relevant information
All information relevant to the scrip dividend may be found on the
GRENKELEASING AG website at www.grenke.de/scrip-dividend.

For further information please contact:
Renate Hauss
Phone:  +49 7221 5007-204
Fax:  +49 7221 5007-4218
E-mail:  investor@grenke.de

The GRENKE Group

The GRENKE Group is a broadly diversified provider of IT-based services in
Leasing, Banking and Factoring for small and medium-sized companies and
private customers.

The range of services offered by the GRENKE Group covers small-ticket IT
leasing and factoring and - through GRENKE Bank - traditional online
banking services.

The GRENKE Group is independent of vendors and banks and holds a leading
market position in Europe in the field of small-ticket IT leasing for
products such as PCs, notebooks, copiers, printers, or software of
relatively low asset value. The GRENKE Group operates in 27 countries and
employs more than 800 staff.

GRENKELEASING AG is listed in the Prime Standard of the Frankfurt Stock
Exchange and is included in the SDAX. GRENKELEASING AG shares are listed in
the SDAX on the Frankfurt Stock Exchange with the code GLJ, ISIN
DE0005865901.

Information on the GRENKE Group and its products is available on the
Internet at http://www.grenke.de.

This document is not for publication or distribution, directly or
indirectly, in or into the United States. This document does not constitute
or form part of an offer of securities or subscription rights for sale or
solicitation of an offer to purchase securities or subscription rights in
the United States, Canada, Australia, Japan or in any other jurisdiction
where such offer may be restricted.  The securities and subscription rights
referred to in this document have not been, and will not be, registered
under the US Securities Act of 1933, as amended (the "Securities Act"), and
may not be offered or sold in the United States or to or for the account or
benefit of US persons (as such term is defined in Regulation S under the
Securities Act), except on the basis of an applicable exemption from
registration or in a transaction not subject to the registration
requirements of the Securities Act.  There will be no public offering of
securities and subscription rights in the United States or anywhere else,
except for Germany.


End of Corporate News

---------------------------------------------------------------------

28.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language:    English                                               
Company:     GRENKELEASING AG                                      
             Neuer Markt 2                                         
             76532 Baden-Baden                                     
             Germany                                               
Phone:       +49 (0)7221 50 07-204                                 
Fax:         +49 (0)7221 50 07-4218                                
E-mail:      investor@grenke.de                                    
Internet:    www.grenke.de                                         
ISIN:        DE0005865901                                          
WKN:         586590                                                
Indices:     SDAX                                                  
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
---------------------------------------------------------------------  
255149 28.02.2014