Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG

AGM Information • May 26, 2006

News Details

Corporate | 26 May 2006 08:26

Ludwig Beck AG: Annual General Meeting approves dividend payment

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Munich, 26 May 2006 – The Annual General Meeting of LUDWIG BECK AG (ISIN DE 0005199905) shareholders approved by a large majority the proposal by the Management Board and Supervisory Board to pay a dividend of EUR 0.10 per share. With 3.36 million dividend-bearing shares, the total dividend payment for financial year 2005 amounts to EUR 336,000. The remaining EUR 115,000 in balance sheet profit will be allocated to the revenue reserve. The dividend is tax-free. “2005 was a highly successful year for our company,” said a delighted Dieter Münch, financial director at LUDWIG BECK. “In paying a dividend once more we are making a clear statement that LUDWIG BECK has finally reversed the trend and are thanking shareholders for the trust they have shown in us,” he said. Future dividend payments will also be geared to available cash flow and operating profits. By consistently pursuing the successful trading-up strategy at the flagship store on Marienplatz and further measures to optimise costs across the company, the Munich fashion house expects to increase consolidated sales this financial year and plans to achieve a further earnings leap. That will make possible, from today’s perspective, a continuous dividend development and shareholder profit participation in projected sales growth. Further results of the AGM More than 500 shareholders took up the invitation to attend the Annual General Meeting. They represented 1,968,093 shares and 58.57 % of the share capital. The AGM was held in Munich. The Management Board and Supervisory Board were discharged and the other agenda items were approved by an average over 99 % of votes cast. Auditors AWT Horwath GmbH were once again appointed to audit the accounts for the financial year 2006. The dividend announcement and results of voting at the 2006 Annual General Meeting have been published on the company’s website at www.ludwigbeck.de. Investor Relations contact: Buchanan Capital Group Metis-Corinna Tarta +49 8151 95966-25 m.tarta@buchanan-ag.com Ludwig Beck Accounts contact: Ludwig Beck am Rathauseck Martin Gehrke +49 89 23691-788 Martin.gehrke@ludwigbeck.de (c)DGAP 26.05.2006 ————————————————————————— Language: English Issuer: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG Marienplatz 11 80327 München Deutschland Phone: +49 (0)892 36 91-0 Fax: +49 (0)892 36 91-6 00 email: info@ludwigbeck.de WWW: www.ludwigbeck.de ISIN: DE0005199905 WKN: 519990 indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service —————————————————————————