EANS-News: Hoeft & Wessel AG: Dividend resolution adopted at AGM
Hanover / Germany, 17 June 2010. (euro adhoc) -
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Dividend Announcements/Distribution
At the Annual General Meeting of Hoeft & Wessel AG today, a resolution was adopted in favour of paying a dividend for the first time. The shareholders of the German IT and engineering Group listed in the Prime Standard segment of Frankfurt´s Securities Exchange since 2003 will be paid EUR 0.08 per share without par-value. This is equivalent to a dividend yield of 2.1 percent on the share price as at the end of 2009. Since the dividend will be paid in full from the tax deposit account in accordance with Section 27 of the German Corporation Tax Act, the payment will be made without a deduction of capital gains tax and the solidarity surcharge. About one third of the profit generated by the Hoeft & Wessel Group will be distributed. At the Annual General Meeting, the Board of Management emphasised its plans to position Hoeft & Wessel stock as a dividend earner in the next several years.
Speech by CEO at AGM: http://www.hoeft- wessel.com/en/ir/pdf/HV10_address.pdf
Photos within the press kit: http://www.presseportal.de/pm/12945/hoeft_wessel_ag/
end of announcement euro adhoc
Further inquiry note:
Dr. Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: af@hoeft-wessel.com
Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade