Heidelberg Materials AG

Notice of Dividend Amount • Feb 20, 2003

News Details

Ad-hoc | 20 February 2003 20:30

HeidelbergCement AG english

HeidelbergCement AG intends to issue stock dividend Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– HeidelbergCement AG intends to issue stock dividend During today’s meeting of the Supervisory Board, the Managing Board of HeidelbergCement AG, Heidelberg, presented the preliminary figures for the 2002 fiscal year. The Managing Board intends to recommend to the Supervisory Board at its meeting on 21 March 2003, at which the annual accounts are to be approved, that instead of a cash dividend a stock dividend be issued, i.e. a capital increase out of retained earnings in the amount of last year’s dividend, which would result in a ratio of approximately 22 old shares to 1 new share. This stock dividend will enable the shareholders to participate in the results of the 2002 fiscal year and will give them the opportunity of participating in the future development of HeidelbergCement. This stock dividend is tax free for shareholders with unlimited tax liability in Germany. Based on the current stock price, the stock dividend reflects a total dividend volume of approximately 73m Euro and a dividend of 1.15 Euro per share. The shareholders of HeidelbergCement will thus enable the company to increase the free cash flow of 2003. Heidelberg, 20 February 2003 The Managing Board end of ad-hoc-announcement (c)DGAP 20.02.2003 ——————————————————————————– WKN: 604700; ISIN: DE0006047004; Index: MDAX Listed: Amtlicher Markt in Düsseldorf, Frankfurt (Prime Standard), München und Stuttgart; Freiverkehr in Berlin, Bremen, Hamburg und Hannover 202030 Feb 03