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Stabilus SE
Notice of Dividend Amount • Feb 15, 2017
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Notice of Dividend Amount
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Corporate | 15 February 2017 14:24
Stabilus S.A.: Annual General Meeting approves dividend of EUR0.50 per share
DGAP-News: Stabilus S.A. / Key word(s): AGM/EGM/Dividend
15.02.2017 / 14:24
The issuer is solely responsible for the content of this announcement.
**
CORPORATE NEWS**
Stabilus S.A.: Annual General Meeting approves dividend of EUR0.50 per share
Luxembourg/Koblenz, February 15, 2017 – Today in Luxembourg, the Annual General Meeting of Stabilus S.A. (ISIN: LU1066226637), one of the world’s leading providers of gas springs, damping solutions and electromechanical drives for motion control, approved each agenda item with more than 99 percent of the votes. Among other matters, the General Meeting also approved the dividend proposed by the Management Board and Supervisory Board. Hence, the company will pay a dividend of EUR0.50 per share for the 2016 financial year (ended September 30, 2016). This corresponds to a total of EUR12.35 million and a payout ratio of 25.7% of consolidated net profit. This is in line with the company’s dividend policy published at the time of the initial public offering, whereby it seeks to pay dividends in a ratio of 20 – 40% of consolidated net income.
The Annual General Meeting was attended by shareholders representing 56.09 percent of the share capital.
| Press Contact: Ralf Krenzin Tel.: +49 261 8900 502 Email: [email protected] Charles Barker Corporate Communications Tobias Eberle Tel.: +49 69 794090 24 E-mail address: [email protected] |
Investor relations contact: Andreas Schröder Tel.: +352 286 770 21 Email: [email protected] |
About Stabilus
As one of the world’s leading providers of gas springs, damping solutions and electromechanical POWERISE drives, Stabilus has for eight decades been demonstrating its expertise in the automotive industry and a variety of other sectors. Gas springs, dampers and electromechanical drives from Stabilus optimize opening, closing, lifting, lowering and adjusting actions, and also protect against vibration. Employing more than 5,000 people worldwide, the company has its operational headquarters in Koblenz. Stabilus has reported sales revenues of EUR737.5m in the 2016 business year. Stabilus operates production plants in nine countries and distributes its products in over 50 countries in Europe, North, Central and South America as well as Asia Pacific via its regional offices and sales partners. Stabilus is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the SDAX index.
**Important Notice
**
This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.
15.02.2017 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, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Stabilus S.A. |
| 2, rue Albert Borschette | |
| L-1246 Luxemburg | |
| Grand Duchy of Luxembourg | |
| Phone: | +352 286 770 1 |
| Fax: | +352 286 770 99 |
| E-mail: | [email protected] |
| Internet: | www.stabilus.com |
| ISIN: | LU1066226637 |
| WKN: | A113Q5 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |