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GESCO AG
AGM Information • Aug 25, 2016
181_rns_2016-08-25_cb81089c-f591-4f9f-a12e-78240d0267fc.html
AGM Information
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Corporate | 25 August 2016 15:42
GESCO Annual General Meeting resolves on dividend increase and share split
DGAP-News: Gesco AG / Key word(s): AGM/EGM/Dividend
2016-08-25 / 15:42
The issuer is solely responsible for the content of this announcement.
Wuppertal, 25 August 2016 – Today’s Annual General Meeting of GESCO AG resolved to significantly increase the dividend. The dividend for the financial year 2015/2016 amounts to EUR 2.00 per share, up on the EUR 1.75 paid per share in the previous year.
In addition, the Annual General Meeting also resolved on a share split in conjunction with a capital increase from own funds – among other things. This is designed to increase the number of shares and thereby improve liquidity and make the share more attractive, particularly for private investors. The share capital is to be increased from EUR 8,645,000 to EUR 9,975,000 through the conversion of capital reserves. Subsequently, the share capital will be redistributed into 9,975,000 no-par value registered shares, each accounting for EUR 1.00 of share capital, at a ratio of 1:3, tripling the current number of shares (3,325,000). All shares carry full entitlement to dividends for the current financial year 2016/2017. This measure is expected to be implemented in the fourth quarter of 2016.
About GESCO
GESCO AG is an industrial group with market and technology leaders in the investment goods industry focusing on production process technology, resource technology, health and infrastructure technology and mobility technology. As a stock listed company on the Prime Standard, GESCO AG offers private and institutional investors access to a portfolio of leading small and medium-sized industrial German companies, so-called hidden champions of Germany’s Mittelstand.
Investor Relations ( Oliver Vollbrecht
Tel. +49 202 24820-18 ( Fax +49 202 24820-49
E-mail: [email protected] ( Internet: www.gesco.de
2016-08-25 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: | Gesco AG |
| Johannisberg 7 | |
| 42103 Wuppertal | |
| Germany | |
| Phone: | +49 (0)202 248200 |
| Fax: | +49 (0)202 2482049 |
| E-mail: | [email protected] |
| Internet: | www.gesco.de |
| ISIN: | DE000A1K0201 |
| WKN: | A1K020 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |