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Notice of Dividend Amount • Feb 22, 2018
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Notice of Dividend Amount
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News Details
Ad-hoc | 22 February 2018 18:53
XING SE: XING SE Executive Board proposes dividend of 1.68 EUR per share for fiscal year 2017
XING SE / Key word(s): Dividend
XING SE: XING SE Executive Board proposes dividend of 1.68 EUR per share for fiscal year 2017
22-Feb-2018 / 18:53 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 dividend of 1.68 EUR per share for fiscal year 2017
Hamburg, 22 February 2018 – On the basis of the company’s preliminary unaudited figures for the 2017 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 dividend by 23 percent from EUR 1.37 per share for the previous fiscal year to EUR 1.68 per share. XING’s liquid and quasi-liquid assets of EUR 62.3 million as of the end of 2017 and its cash-generative business model enable it to pay out an increased 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 23 March 2018, and the respective shareholder approval at the Annual General Meeting to be held on 16 May 2018, the dividend payment will amount to around EUR 9.4 million.
22-Feb-2018 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: | TecDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |