DGAP-News: CropEnergies AG / Key word(s): AGM/EGM
CropEnergies annual general meeting decides on EUR 0.15 dividend
12.07.2016 / 15:58
The issuer is solely responsible for the content of this announcement.
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Mannheim, 12 July 2016 - At the annual general meeting of CropEnergies AG,
Mannheim, on 12 July 2016, shareholders approved by a large majority the
dividend proposal of the supervisory board and the executive board to
distribute a dividend of EUR 0.15 per share entitled to dividend. This
results in a total dividend payout of EUR 13.1 million. All other agenda
items were also adopted by a majority of more than 95 percent. Around 700
shareholders and guests attended the annual general meeting in the Congress
Center Rosengarten in Mannheim. Overall, 83 percent of the share capital
was represented. Shareholders were particularly interested in the
development of the company and the current financial year, especially the
restart of the bioethanol plant in Wilton, UK. The political framework for
bioethanol in the EU, the planned introduction of E10 in additional member
states and the development of the bioethanol prices were also discussed in
depth.
In the medium term, CropEnergies expects the resolutions passed at the
climate summit in Paris in late 2015 and the EU resolutions for the
increase of the share of renewable energies also in the transport sector to
result in market growth. It is necessary, however, to define mandatory
targets for the use of renewable energies and the reduction of greenhouse
gas emissions in the transport sector for the time beyond 2020, because at
this point in time, biofuels are the only alternative to fossil fuels which
is cost-efficient and available on a large scale. Their essential
contribution to climate protection through their high potential for
greenhouse gas savings has to be fully utilized.
CropEnergies AG
Ensuring mobility in a climate friendly way - today and in the future - is
CropEnergies' business. Founded in Mannheim, Germany, in 2006, the member
of the Südzucker Group is one of the leading European manufacturers of
sustainably produced bioethanol today. With its production capacities of
1.3 million cubic meters of bioethanol per year, CropEnergies produces
bioethanol which predominantly replaces petrol in four modern production
facilities in Germany, Belgium, the UK, and France. The highly efficient
production facilities reduce CO2 emissions by up to 70 percent across the
whole value-added chain compared to fossil fuel.
In addition to fuel alcohol, CropEnergies also produces 150,000 cubic
meters of high-purity neutral alcohol which is used in the beverage,
cosmetics, and pharmaceutical industry or for technical applications. At
the same time, CropEnergies is an important producer of food and animal
feed products. The raw materials which are used such as cereals and sugar
beets are completely utilized. As a result, more than 1 million tonnes of
high-quality protein food and animal feed products are manufactured every
year out of the non-fermentable components of the raw materials.
Through advanced technology and innovation CropEnergies contributes to
ensure a sustainable mobility from renewable sources today and in the
future through its main product bioethanol: mobility - sustainable.
renewable.
The CropEnergies AG (ISIN DE000AOLAUP1) has been listed at the regulated
market (Prime Standard) at the Frankfurt Stock Exchange since 2006.
Contact:
Dr. Lilia Filipova-Neumann
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
ir@cropenergies.de
Nadine Dejung
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
presse@cropenergies.de
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12.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: CropEnergies AG
Maximilianstr. 10
68165 Mannheim
Germany
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: info@cropenergies.de
Internet: www.cropenergies.com
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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481479 12.07.2016
DGAP-News: CropEnergies annual general meeting decides on EUR 0.15 dividend
| Source: EQS Group AG