25.08.2016
Gesco AG DE000A1K0201
DGAP-News: GESCO Annual General Meeting resolves on dividend increase and share split
DGAP-News: Gesco AG / Key word(s): AGM/EGM/Dividend
GESCO Annual General Meeting resolves on dividend increase and share split
25.08.2016 / 15:42
The issuer is solely responsible for the content of this announcement.
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Wuppertal, 25 August 2016 - Today's Annual General Meeting of GESCO AG
resolved to significantly increase the dividend. The dividend for the
financial year 2015/2016 amounts to EUR 2.00 per share, up on the EUR 1.75
paid per share in the previous year.
In addition, the Annual General Meeting also resolved on a share split in
conjunction with a capital increase from own funds - among other things.
This is designed to increase the number of shares and thereby improve
liquidity and make the share more attractive, particularly for private
investors. The share capital is to be increased from EUR 8,645,000 to EUR
9,975,000 through the conversion of capital reserves. Subsequently, the
share capital will be redistributed into 9,975,000 no-par value registered
shares, each accounting for EUR 1.00 of share capital, at a ratio of 1:3,
tripling the current number of shares (3,325,000). All shares carry full
entitlement to dividends for the current financial year 2016/2017. This
measure is expected to be implemented in the fourth quarter of 2016.
About GESCO
GESCO AG is an industrial group with market and technology leaders in the
investment goods industry focusing on production process technology,
resource technology, health and infrastructure technology and mobility
technology. As a stock listed company on the Prime Standard, GESCO AG
offers private and institutional investors access to a portfolio of leading
small and medium-sized industrial German companies, so-called hidden
champions of Germany's Mittelstand.
Investor Relations, Oliver Vollbrecht
Tel. +49 202 24820-18, Fax +49 202 24820-49
E-mail: [email protected], Internet: www.gesco.de
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25.08.2016 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: Gesco AG
Johannisberg 7
42103 Wuppertal
Germany
Phone: +49 (0)202 248200
Fax: +49 (0)202 2482049
E-mail: [email protected]
Internet: www.gesco.de
ISIN: DE000A1K0201
WKN: A1K020
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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496003 25.08.2016
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