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freenet AG — AGM Information 2014
May 13, 2014
164_rns_2014-05-13_29996f07-ccd8-408d-a8b3-2b37416f01c8.html
AGM Information
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Corporate | 13 May 2014 15:52
freenet AG approves dividend payout of 185.6 million euros
freenet AG / Key word(s): AGM/EGM/Dividend
13.05.2014 / 15:52
freenet AG approves dividend payout of 185.6 million euros
– Annual General Meeting approves dividend of 1.45 euros per dividend-bearing share (previous year: 1.35 euros)
– Payout ratio increased to 72.5 percent of free cash flow* (previous year: 66 percent)
– New conditional capital in the amount of 12.8 million euros created
Büdelsdorf, 13 May 2014 – At today’s Annual General Meeting of freenet AG [ISIN DE000A0Z2ZZ5], at which about 42 percent of the capital was represented, all of the resolutions proposed by the management were approved by a large majority.
Net debt was further reduced to 427.2 million euros, compared with 451.9 million euros in the previous year. As a result, the debt ratio has improved to 1.2.
Among other things, new conditional capital in the amount of 12.8 million euros was created.
More information about the ordinary Annual General Meeting 2014 is posted at www.freenet-group.de/investor-relations .
* Free cash flow is defined as cash flow from operating activities, minus investments in property, plant and equipment and intangible assets, plus proceeds from the disposal of property, plant and equipment and intangible assets.
End of Corporate News
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| Language: | English |
| Company: | freenet AG |
| Hollerstraße 126 | |
| 24782 Büdelsdorf | |
| Germany | |
| Phone: | +49 (0)40 51306-778 |
| Fax: | +49 (0)40 51306-970 |
| E-mail: | [email protected] |
| Internet: | www.freenet-group.de |
| ISIN: | DE000A0Z2ZZ5, DE000A1KQXU0 |
| WKN: | A0Z2ZZ , A1KQXU |
| Indices: | TecDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
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| 268136 13.05.2014 |