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Notice of Dividend Amount • Feb 25, 2019
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Notice of Dividend Amount
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News Details
Ad-hoc | 25 February 2019 19:49
XING SE: XING SE Executive Board proposes an increased regular dividend and payment of a special dividend
XING SE / Key word(s): Dividend
XING SE: XING SE Executive Board proposes an increased regular dividend and payment of a special dividend
25-Feb-2019 / 19:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
XING SE: XING SE Executive Board proposes an increased regular dividend and payment of a special dividend
Hamburg, 25 February 2019 – On the basis in light of the company’s preliminary unaudited figures for the 2018 fiscal year the Executive Board of Hamburg-based XING SE (ISIN DE000XNG8888) today resolved to put forward a proposal to the Supervisory Board to increase the regular dividend by 27 percent from EUR 1.68 per share to EUR 2.14 per share. The Executive Board also resolved to propose to the supervisory board an additional special dividend distribution of EUR 3.56 per share. XING’s liquid assets of EUR 82.5 million as of the end of 2018 and its cash-generative business model enable it to pay out a special dividend without compromising its continued growth strategy.
After approval of the audited consolidated financial statements by the Supervisory Board, the dividend distribution proposal is to be presented to the Annual General Meeting for resolution. Subject to approval by the Supervisory Board at its plenary meeting to be held on 21 March 2019, and the respective shareholder approval at the Annual General Meeting to be held on 6 June 2019, the total dividend payment will amount to around EUR 32.0 million.
25-Feb-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | XING SE |
| Dammtorstraße 30 | |
| 20354 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 419 131-793 |
| Fax: | +49 (0)40 419 131-44 |
| E-mail: | [email protected] |
| Internet: | www.xing.com |
| ISIN: | DE000XNG8888 |
| WKN: | XNG888 |
| Indices: | SDAX, TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |