DGAP-News: GRENKELEASING AG: GRENKE Board of Directors reports the successful execution of its corporate strategy - Shareholders resolve a dividend increase to EUR 1.50 per share


DGAP-News: GRENKELEASING AG / Key word(s): AGM/EGM
GRENKELEASING AG: GRENKE Board of Directors reports the successful execution
of its corporate strategy - Shareholders resolve a dividend increase to EUR
1.50 per share

03.05.2016 / 17:14
The issuer is solely responsible for the content of this announcement.

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


GRENKE Board of Directors reports the successful execution of its corporate
strategy - Shareholders resolve a dividend increase to EUR 1.50 per share

* GRENKE shareholders resolve a dividend of EUR 1.50 per share
* Renewed option to receive the dividend in cash or shares 
* Board of Directors and Supervisory Board granted a discharge
* Resolution passed to change name to GRENKE AG 

Baden-Baden, May 3, 2016: At today's Annual General Meeting of
GRENKELEASING AG, shareholders resolved a dividend for the 2015 fiscal year
in the amount of EUR 1.50 per share (previous year: EUR 1.10). GRENKE
shareholders were given the renewed option to choose to receive the
dividend exclusively in cash or partly in cash and partly in the form of
shares of GRENKELEASING AG (Scrip Dividend).

Shareholders can submit their decision for or against the Scrip Dividend in
the period from May 4 to May 23, 2016. Those who decide against the Scrip
Dividend or who do not submit a reply will receive the customary cash
dividend presumably on June 1, 2016. The new shares are scheduled for
delivery on June 6, 2016.

The Annual General Meeting granted the members of the Board of Directors
and the Supervisory Board a discharge for the 2015 fiscal year. The Annual
General Meeting followed the management's recommendation in selecting the
auditor for the year 2016.

The shareholders in attendance passed the agenda item proposing a change in
the Company's name to "GRENKE AG". Today's resolution to change the name
will take effect with the recording of the resolution in the commercial
register. "Through our many years of experience and diversified product
range we have created the strong GRENKE brand and consider the change in
the Company's name as a natural consequence of this evolution", said Mr.
Wolfgang Grenke in his comments on the forthcoming name change.

Variable remuneration, which can amount up to 200 percent of the fixed
salary, was also approved for GRENKE's Board of Directors and employees.
These variable components are governed by a wide range of measurable
indicators, without creating any false incentives to enter into
inappropriate risks.

To be able to strengthen the Company's capital base through the issue of
participation rights and other hybrid financial instruments, the Annual
General Meeting resolved a new authorisation to issue such instruments and
cancelled the previous authorisation of May 10, 2011.

In his comments, Mr. Wolfgang Grenke, Chairman of the Board of Directors,
summarised the successful 2015 fiscal year and provided an outlook for the
current year: "We are very pleased with the past fiscal year's performance.
We have increased the new business of GRENKE Group Leasing by 20%. The new
business in the Factoring segment grew a vigorous 55%. We intend to
maintain this trend going forward. For 2016, we expect growth in the range
of 16% to 20% in the Leasing segment and 30% to 35% in the Factoring
segment while maintaining profitable and risk-adequate margins. These
forecasts reaffirm our view of ourselves as a growth company. GRENKE
Consolidated Group's net profit is expected to reach a range of EUR 93 to
98 million."

The Company's Chief Financial Officer (CFO), Jörg Eicker, added: "The past
fiscal year was a year of tremendous success. As a result of our profitable
new business and increasing income coupled with a comparatively lower rise
in expenses, GRENKE Consolidated Group's net profit reached EUR 80.8
million. This even slightly exceeded the forecast range that was raised to
EUR 78 to 80 million. We are once again offering shareholders the
opportunity to increase their commitment to our long-term growth strategy
and with their choice of a Scrip Dividend strengthen the Company's
financial position and equity. Shareholders have until May 23, 2016 to make
their decision for or against a Scrip Dividend."

Around 330 shareholders took part in the Annual General Meeting.
Shareholder presence at the time of voting was 83%.

The Company invited several pupils to its Annual General Meeting: the
winners of Sparkasse Baden-Baden-Gaggenau's stock exchange planning game,
as well as pupils from the Markgraf-Ludwig High School, Baden-Baden;
Pädagogium, Baden-Baden; and the Goethe High School Gaggenau.

The Board of Directors

For further information, please contact:

GRENKELEASING AG
Corporate Communications / Investor Relations
Renate Hauss
Neuer Markt 2
76532 Baden-Baden, Germany
Phone:  +49 7221 5007-204
Email:  investor@grenke.de
Internet:  http://www.grenke.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 30 countries and
employs more than 1,100 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 on
the Frankfurt Stock Exchange with the code GLJ, ISIN DE000A161N30.

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 of unlawful. Securities and subscription
rights may not be offered or sold in the United States, unless they are
registered or exempted from the registration obligation under the US
Securities Act of 1933, as amended (the "Securities Act"), 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 and will 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. There will be no public
offering of securities and subscription rights in the United States or
anywhere else, except for Germany. For the purposes of a public offering in
Germany, a document was published on the website of GRENKELEASING AG on
March 18, 2016 in lieu of a prospectus.


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03.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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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:        DE000A161N30                                               
   WKN:         A161N3                                                     
   Indices:     SDAX                                                       
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated  
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
                Stuttgart; Terminbörse EUREX                               
 
 
   End of News    DGAP News Service  
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