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freenet AG
AGM Information • May 12, 2016
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AGM Information
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Corporate | 12 May 2016 13:50
freenet AG: Annual General Meeting resolves dividend payment amounting to 198.4 million euros for financial year 2015
DGAP-News: freenet AG / Key word(s): AGM/EGM/AGM/EGM
2016-05-12 / 13:50
The issuer is solely responsible for the content of this announcement.
freenet AG: Annual General Meeting resolves dividend payment amounting to 198.4 million euros for financial year 2015
– Annual General Meeting resolves dividend of 1.55 euros per dividend-bearing share (previous year: 1.50 euros)
– Payout ratio of around 70 per cent of free cash flow* (previous year: around 72 per cent)
Büdelsdorf, 12 May 2016 – Following a constructive shareholders’ debate today’s Annual General Meeting of freenet AG [ISIN DE000A0Z2ZZ5], at which about 48 per cent of the share capital was represented, all of the resolutions proposed by the management were approved by a large majority.
The dividend of 1.55 euros per dividend-bearing share is carried out from the tax deposit account in accordance with § 27 Corporate Income Tax Act. The dividend will be paid thus without deduction of capital gains tax and solidarity surcharge. Payment date is 13 May 2016.
More information about the ordinary Annual General Meeting 2016 will be available shortly at http://www.freenet-group.de/investor.
* Free cash flow is defined as cash flow from current operating activities less investments in property, plant and equipment and intangible assets, plus the cash inflows from disposals of intangible assets and property, plant and equipment.
Investor Relations contact:
freenet Aktiengesellschaft
Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Germany
Tel.: +49 (0)40 5130 6778
Fax: +49 (0)40 5130 6970
Email: [email protected]
2016-05-12 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
| 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: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX |
| End of News | DGAP News Service |