DGAP-News: A.S. Création Tapeten AG / Key word(s): AGM/EGM
A.S. Création Tapeten AG: Change on the Supervisory Board
15.05.2014 / 14:29
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A.S. Création Tapeten AG, Gummersbach
(ISIN DE000A1TNNN5)
Change on the Supervisory Board
The Annual General Meeting of Shareholders of A.S. Création Tapeten AG,
Europe's leading wallpaper manufacturer, today elected Jochen Müller,
member of the Management Board of LSG Lufthansa Service Holding AG, new
member of the Supervisory Board with over 99% of the votes. Mr Müller will
succeed Dr. Schadt, who has resigned from office with effect from the end
of today's AGM for reasons of age after having served on the Supervisory
Board of A.S. Création for eight years. The Chairman of the Supervisory
Board, Mr Schneider, honoured the great contribution made by Dr. Schadt to
the development of A.S. Création and thanked him for the good cooperation.
At the same time, Mr Schneider expressed his conviction that Mr Müller will
be a good successor, who will be able to provide A.S. Création with
important stimulation building on his entrepreneurial experience outside
the wallpaper industry.
In keeping with the company's dividend policy, which provides for a high
payout ratio as long as this is warranted by the company's financial
situation, the Managing Board and the Supervisory Board had proposed a
dividend of EUR 0.25 per share. This is equivalent to a payout ratio of
52.1% in terms of consolidated earnings per share. Due to the poorer
earnings position in the fiscal year 2013, however, this dividend proposal
was EUR 0.95 or approx. 79% below the prior year dividend of EUR 1.20. This
profit appropriation proposal was approved by over 99% of the voting
shareholders. The Managing Board is of the opinion that this vote reflects
the long-term orientation of the shareholders of A.S. Création, who are
committed to the benefit of the company.
The Annual General Meeting of Shareholders thanked all employees of A.S.
Création for their commitment in the past fiscal year. The Managing Board
and the Supervisory Board were released from liability for the past fiscal
year by a large majority of the shareholders.
Gummersbach, Mai 15, 2014
A.S. Création Tapeten AG
The Managing Board
Inquiries:
Maik Krämer,
Director of Finance and Controlling,
phone +49-(0)22 61/542-387,
fax +49-(0)22 61/542-304,
e-mail m.kraemer@as-creation.de
End of Corporate News
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15.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: A.S. Création Tapeten AG
SüdstraÃe 47
51645 Gummersbach
Germany
Phone: +49 22 61 54 2-0
Fax: +49 22 61 54 2-3 04
E-mail: investor@as-creation.de
Internet: http://www.as-creation.de
ISIN: DE000A1TNNN5
WKN: A1TNNN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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268804 15.05.2014
DGAP-News: A.S. Création Tapeten AG: Change on the Supervisory Board
| Source: EQS Group AG