DGAP-News: Grammer AG / Key word(s): Dividend
Grammer AG: Grammer AG Annual General Meeting resolves to pay a
dividend of EUR 0.40 per share
24.05.2012 / 11:28
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Grammer AG Annual General Meeting resolves to pay a dividend of EUR 0.40
per share
Amberg, May 24, 2012 - At the Grammer AG Annual General Meeting yesterday,
shareholders voted in favor of a dividend of EUR 0.40 per share for the
2011 fiscal year. Given the positive earnings situation, Grammer AG will
thus pay out a dividend to shareholders for the first time since 2008. For
the 11,214,624 total shares according dividend rights, the company will
distribute roughly EUR 4.5 million, or nearly 35 percent of Grammer AG's
retained earnings. 'The reinstatement of the dividend is a major step
toward positioning Grammer on the capital market as an attractive dividend
stock once more, and demonstrates the success of our strategy,' Hartmut
Müller, CEO of Grammer AG, emphasized in his speech.
More than 44 percent of voting capital was represented at the Grammer AG
Annual General Meeting. A decisive majority of shareholders voted to
formally approve the work of the Executive and Supervisory Boards in fiscal
year 2011. Moreover, the attending shareholders endorsed the appointment of
Ms. Ingrid Hunger and Dr. Hans Liebler to the Grammer AG Supervisory Board.
All other proposals were adopted by the Annual General Meeting with
substantial majorities as well.
At the Annual General Meeting, the Supervisory Board bid goodbye to CFO
Alois Ponnath, who will leave the company at the end of May 2012 after
serving more than 10 years as a member of the Executive Board.
Company Profile
GRAMMER AG, Amberg, Germany, is specialized in the development and
production of components and systems for automotive interiors as well as
driver and passenger seats for offroad vehicles (tractors, construction
machinery, forklifts), trucks, buses and trains. In the Automotive
division, we supply headrests, armrests and center console systems to
premium automakers and automotive system suppliers. Our Seating Systems
division comprises the truck and offroad seat segments as well as train and
bus seating.
GRAMMER is represented in 18 countries worldwide with a workforce of
approx. 9,000 employees across its 24 fully consolidated subsidiaries.
GRAMMER shares are listed in the SDAX segment of the German Stock Exchange,
and are traded on the Munich and Frankfurt stock exchanges, via the Xetra
electronic trading platform and on the OTC markets of the Stuttgart, Berlin
and Hamburg stock exchanges.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com
End of Corporate News
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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171342 24.05.2012
DGAP-News: Grammer AG: Grammer AG Annual General Meeting resolves to pay a dividend of EUR 0.40 per share
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