euro adhoc: Klöckner & Co SE
Dividend Announcements/Distribution
Klöckner &
Co intends to pay no dividend for the year 2008
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
03.03.2009
Duisburg, 03 March 2009 - The Management Board today resolved to propose to the Annual General Meeting to be held on 26 May 2009 to carry forward the balance sheet profit for 2008 in full and not pay out any dividend. Hereby Klöckner & Co SE deviates from its previous dividend policy. In both previous years since the IPO in 2006, a dividend in the amount of EUR0.80 per non-par value share entitled to participate in the dividends was distributed.
The suspension of dividend distributions is connected to the revised action plan that was also adopted today and is designed to reduce costs as well as indebtedness because of the difficult economic environment and uncertain outlook.
Issuer: Klöckner & Co SE, Am Silberpalais 1, D 47057 Duisburg ISIN: DE000KC01000; WKN: KCO0100 Listed: Amtlicher Markt / Prime Standard; Frankfurter Wertpapierbörse Further information can be obtained on the webpage of Klöckner & Co: www.kloeckner.de
end of announcement euro adhoc
Further inquiry note:
Peter Ringsleben - Corporate Communications
Phone: +49-203-307-2800
E-mail: peter.ringsleben@kloeckner.de
Claudia Uhlendorf - Corporate Communications
Phone: +49-203-307-2289
E-mail: claudia.uhlendorf@kloeckner.de
Dr. Thilo Theilen - Investor Relations
Phone: +49-203-307-2050
E-Mail: thilo.theilen@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade