EANS-News: Hoeft & Wessel pays higher dividend (with document)
15.06.2011 – 13:16
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Dividend Announcements/Distribution Subtitle: Streamlining of Group structures creates synergy effects Hannover/Germany, 15/06/2011. (euro adhoc) - Hoeft & Wessel AG pays a 25 per cent higher dividend to its shareholders for fiscal 2010. At the Annual General Meeting, the majority of the company´s shareholders approved the payment of EUR 0.10 per share (previous year: EUR 0.08). In relation to the share price at the end of 2010, this represents a dividend yield of 2.6 per cent. Since the payment of the dividend will be tax-free, as in the previous year, the gross yield of about 3.4 per cent is good in comparison with other public limited companies in Germany. In his address to the shareholders, CEO Hansjoachim Oehmen emphasised that the IT company was pursuing a sustainable dividend policy in the long term. The public limited company listed in the Prime Standard segment of the German Securities Exchange in Frankfurt had paid a dividend for the first time in the year 2010. In his speech, Oehmen also dealt with the streamlining of the Group´s structures. Accordingly, the business divisions are to be consolidated to a greater degree following a downsizing of the Management Board to two members. Oehmen indicated that the company´s objective was to leverage synergies and cut costs. Press kit with speech: http://www.presseportal.de/pm/12945/hoeft_wessel_ag/ The Company The Hoeft & Wessel Group is the leading IT and engineering technology Group for ticketing, parking and mobile solutions in Germany and Great Britain. Established in 1978 by the two entrepreneurs who gave the company its name and listed on the stock market since 1998, the enterprise has developed into a group of companies with sales revenues of nearly EUR 100 million and a workforce of 500 employees. Its main locations are Hannover, Germany, and Swindon, UK, to the west of London. Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/aGSmf8La http://resources.euroadhoc.com/us/O2b1RxVd Further inquiry note: Arnd Fritzemeier Tel.: +49-511-6102-300 E-Mail: PR@hoeft-wessel.com end of announcement euro adhoc -------------------------------------------------------------------------------- Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/aGSmf8La http://resources.euroadhoc.com/us/O2b1RxVd company: Höft & Wessel AG Rotenburger Str. 20 D-30659 Hannover phone: +49-511-6102-0 FAX: +49-511-6102-411 mail: ir@hoeft-wessel.com WWW: http://www.hoeft-wessel.com sector: Technology ISIN: DE0006011000 indexes: TecDAX, Prime All Share, Technology All Share stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English