ATOSS Software AG — AGM Information 2003

Apr 30, 2003

News Details

Corporate | 30 April 2003 16:00

ATOSS Software AG english

ATOSS Software AG Corporate-news announcement processed and sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– Press release General meeting of shareholders approves outpayment of EUR 1.50 per share – board confirms positive outlook in in greater detail against the backdrop of negative market conditions – Shareholders gave their unanimously consent Munich, April 30, 2003 – Today, the board of ATOSS Software AG informed shareholders on the successful 2002 business year and announced further sales and earnings gains for the ongoing year. Shareholders have approved all of the proposals presented by company administration unanimously and have adopted, among others, a number of capital measures, including measures resulting in an outpayment of EUR 1.50 per share. Items on the agenda included a substantial capital increase from company funds and a subsequent capital reduction, as well as the re-election of the members of the supervisory board. The present supervisory board members were confirmed in their appointments. The capital measures and the respective changes in the statutes create the foundation for the high outpayment and represent an adequate endowment of freely available capital reserves underpinning future dividend outpayment policies and enabling additional share buy-backs. In the coming years the company aims to distribute between 30 and 50 % of the net earnings available for payout. In difficult years the aim is to pay a minimum dividend of EUR 0.15. According to present knowledge of company administration staff, the approved outpayment of EUR 1.5 per share is tax free for those shareholders holding less than one percent of equity capital. Due to company law provisions, the outpayment will be distributed six months after the announcement of the registered execution of the capital measures adopted today. ATOSS will state the exact outpayment date immediately following this announcement. Additional increase in transparency The shareholders also welcomed the announcement by the board according to which the quarterly reports will also be reviewed by the company’s auditing firm as of the first quarter of 2003. In previous years the company had already voluntarily submitted the semi-annual report to review by the auditing firm. The new measures represent a further increase in the company’s high reporting transparency. Order intake confirms positive outlook on the second quarter, additional sales gains and considerably stronger earnings anticipated for the 2003 business year Addressing the shareholders, the board emphasized the company’s unchanged positive outlook. The inflow of orders, especially in the software license area, indicates sales exceeding the same quarter last year that will also result in sales considerably above the second quarter of the past year. In view of the recent increase in negative forecasts issued by domestic and foreign software companies the board emphasized its unchanged commitment to achieving the targets for the year that it had previously outlined. A key factor driving the company’s development is the fact that the utilization of ATOSS solutions provide clients with an appreciable return on investment within a short period of time. Viewed from a general standpoint, however, the company is also expecting higher sales and considerably stronger earnings in the 2003 business year. Further information is available from: http://www.atoss.com Contact: Christof Leiber, ATOSS Software AG Am Moosfeld 3, D-81829 Munich Tel.: +49 (0) 89 4 27 71 – 265, Fax: +49 (0) 89 4 27 71 – 100 revolution-in-time@atoss.com end of message, (c)DGAP 30.04.2003 ——————————————————————————– WKN: 510440; ISIN: DE0005104400; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 301600 Apr 03