16.06.2016
Hamburger Hafen und Logistik AG DE000A0S8488
DGAP-News: Hamburger Hafen und Logistik AG: HHLA Distributes EUR 41.3 million to Shareholders of the Port Logistics Subgroup for the 2015 Financial Year
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): AGM/EGM
Hamburger Hafen und Logistik AG: HHLA Distributes EUR 41.3 million to
Shareholders of the Port Logistics Subgroup for the 2015 Financial Year
16.06.2016 / 18:15
The issuer is solely responsible for the content of this announcement.
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Annual General Meeting 2016
HHLA Distributes EUR 41.3 million to Shareholders of the Port Logistics
Subgroup for the 2015 Financial Year
The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) today
resolved to distribute a dividend of EUR 0.59 per listed Class A share.
HHLA is distributing a total of EUR 41.3 million to the shareholders of the
Port Logistics subgroup - an increase of 13.5 percent on the previous year.
This corresponds to a dividend payout ratio of approximately 70 percent.
The dividend proposal made by the Executive Board and the Supervisory Board
was ratified by 99.98 percent of the votes cast.
In his speech at the Annual General Meeting, Klaus-Dieter Peters - Chairman
of HHLA's Executive Board - emphasised that: "Hamburger Hafen und Logistik
AG faced a difficult environment in the 2015 financial year. Despite
challenging conditions, we managed to achieve a solid result. This once
again confirms our diversification strategy of positioning and expanding
the Intermodal segment as a second strong pillar alongside the Container
segment. With the renewed increase in transport services in a market that
is declining on the whole, our rail activities are contributing
substantially to the earnings and stability of the Group. Even though we
recorded a drop in container throughput in light of the challenging
conditions, the dividend distributed to our shareholders is 13.5 percent
higher than in the previous year due to a significant increase in profit
after tax and minority interests."
The shareholders endorsed the proposal made by the Executive Board and the
Supervisory Board and today agreed to a dividend of EUR 0.59 per listed
Class A share for the 2015 financial year. The dividend for the Port
Logistics subgroup is therefore EUR 0.07 higher than the previous year's
figure of EUR 0.52 per Class A share. This represents an increase of 13.5
percent. The dividend payout ratio is equivalent to 70 percent of the
profit after tax and minority interests. Distributing a large proportion -
between 50 and 70 percent - of distributable net profit to shareholders
remains a cornerstone of the company's dividend policy. HHLA is
distributing a total of EUR 41.3 million to holders of its dividend-
entitled Class A shares.
The Annual General Meeting resolved to distribute EUR 1.75 per Class S
share for the unlisted Real Estate subgroup. This is equivalent to a
dividend payout ratio of 61 percent and a total of EUR 4.7 million - an
increase of almost 17 percent on the previous year. All of the Class S
shares are held by the Free and Hanseatic City of Hamburg. HHLA is
distributing a total of EUR 46 million to the shareholders of its two
subgroups.
The shareholders formally approved the actions of both the HHLA Executive
Board and the Supervisory Board during the 2015 financial year with 99.93
percent and 96.93 percent of the votes cast, respectively.
Approximately 850 shareholders and guests attended the Annual General
Meeting of Hamburger Hafen und Logistik AG on 16 June 2016 at CCH Congress
Center, Hamburg. Some 84.4 percent of the share capital was represented
(previous year: 82.5 percent).
The voting results of the Annual General Meeting, the speech by the
Chairman of the Executive Board, Klaus-Dieter Peters, and the accompanying
presentation are available on the HHLA website in the Investor Relations
section under Annual General Meeting (www.hhla.de/en/investor-relations/
ann-general-meeting).
Contact:
Heiko Hoffmann
Investor Relations
HAMBURGER HAFEN UND LOGISTIK AG
Bei St. Annen 1, D-20457 Hamburg, www.hhla.de
Tel: +49-40-3088-3397
Fax: +49-40-3088-55-3397
E-mail: [email protected]
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16.06.2016 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.
Archive at www.dgap.de
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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
Phone: +49 (0)40-3088-0
Fax: +49 (0)40-3088-3355
E-mail: [email protected]
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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472297 16.06.2016
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