DGAP-News: GRENKELEASING AG: The GRENKE Board of Directors reports on a successful execution of the corporate strategy - Shareholders resolve a dividend EUR 1.00 per share

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| Source: EQS Group AG
DGAP-News: GRENKELEASING AG / Key word(s): AGM/EGM
GRENKELEASING AG: The GRENKE Board of Directors reports on a
successful execution of the corporate strategy - Shareholders resolve
a dividend EUR 1.00 per share

10.04.2014 / 17:07

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Not for distribution, publication, or dissemination in the USA, Canada,
Australia, or Japan, or any other countries in which such a publication may
be unlawful

The GRENKE Board of Directors reports on a successful execution of the
corporate strategy - Shareholders resolve a dividend EUR 1.00 per share

 - GRENKE shareholders resolve a dividend of EUR 1.00 per share
 - For the first time, there is the option to receive the dividend in cash
   or in the form of shares
 - Shareholders may decide for the scrip dividend in the period from April
   11 to April 28, 2014
 - The Board of Directors and Supervisory Board were discharged

Baden-Baden, April 10, 2014: At today's Annual General Meeting, the
shareholders of GRENKELEASING AG resolved the distribution of a dividend
for fiscal year 2013 in the amount of EUR 1.00 per share (previous year:
EUR 0.80). For the first time, GRENKE shareholders have the option to
choose whether to receive the dividend exclusively in cash or partly in
cash and partly in the form of shares of GRENKELEASING AG (Scrip Dividend).

Shareholders may decide for or against the scrip dividend in the period
from April 11 to April 28, 2014. Shareholders who decide against the scrip
dividend or who take no action will receive the customary cash dividend
presumably on May 6, 2014. Delivery of the new shares is planned for May 8,
2014.

The Annual General Meeting discharged the members of the Board of Directors
and the Supervisory Board for fiscal year 2013. In the appointment of the
auditor for the year 2014, the Annual General Meeting approved the
recommendation of the management.

The shareholders present, however, did not approve the agenda item which
provided for the creation of new authorised capital. "As a globally
operating company, GRENKE's intention in creating new authorised capital
was to preserve the flexibility it needs to take action, particularly
concerning the acquisition of franchise partners on the basis of granting
shares. Authorised capital is also important for scrip dividends, which
give shareholders the opportunity to strengthen the financial position and
equity base and thus support the Company's growth strategy by reinvesting
their dividends in the Company," commented Wolfgang Grenke, Chairman of the
Board of Directors.

In his speech, in which he reflected on the successful 2013 fiscal year,
the Chairman of the Board of Directors, Wolfgang Grenke, summed up the past
year as follows: "During the past years, we have grown to become the market
leader in our segment in Central Europe. In doing so, we concentrate on
providing efficient services for leasing and factoring. Today, we have
extensive coverage in Europe and have also started to successfully position
ourselves globally. In the past two years, we have already embarked on the
first steps by entering the markets of Brazil, Dubai, and Canada. In 2014,
we intend to establish an initial presence in Chile. Naturally, we will not
neglect our European core markets and this year plan to enter the markets
of Croatia and other cell divisions in five European countries including
Germany. We are confident that we will be able to position the GRENKE Group
and its business model in a sustainable manner in the years ahead.

As a growth company, we want to strengthen the financial power and equity
of the GRENKE Group and consider this planned scrip dividend as an
attractive and innovative opportunity for our shareholders to increase
their commitment in GRENKE."

The Company's Chief Financial Officer (CFO), Jörg Eicker, added: "With its
solid financial resources, strong positioning in the capital markets, and
long standing and proven risk-appropriate pricing policy, the GRENKE
Consolidated Group is excellently positioned to continue the steady growth
path of the recent years also in the future. We are exceptionally
positioned through our broad range of refinancing instruments and we pay
special attention to maintaining our reputation on the capital markets.

Furthermore, we have expanded our offers of finance solutions. Our
factoring business experienced favourable growth rates in 2013 and recorded
a rise of 46%. The development of our relatively new offers in start-up
financing and the provision of development loans are similarly dynamic.
Deposit volumes at GRENKE BANK AG also saw substantial growth in 2013 with
an increase of 22% to EUR 255.6 million".

Approximately 300 shareholders took part in the Annual General Meeting. The
shareholder presence at the time of voting was 84.8%.

The Company had invited a number of pupils to its Annual General Meeting:
the winners of Sparkasse Baden-Baden-Gaggenau's stock exchange business
game, pupils of the Markgraf-Ludwig High School Baden-Baden and the
Richard-Wagner High School Baden-Baden - as part of its ongoing "Wirtschaft
macht Schule" cooperation, as well as the pupils of the Goethe High School
Gaggenau.

The Board of Directors


Should you have any queries, please contact:

Renate Hauss
Tel.:  +49 7221 5007-204
Fax:  +49 7221 5007-4218
E-mail: investor@grenke.de
Internet: http://www.grenke.de, http://www.grenkeleasing.de,
http://www.grenkebank.de, http://www.grenkefactoring.de


The GRENKE Group

The GRENKE Group is a broadly diversified provider of IT-based services in
Small-Ticket-IT-Leasing, Factoring and Banking for small and medium-sized
companies. In addition, the GRENKE Bank offers its classic online services
also to private customers.

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 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

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10.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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  
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