14.03.2017
Bechtle AG DE0005158703
DGAP-Adhoc: Bechtle AG: Scrip issue / Share buy-back programme
DGAP-Ad-hoc: Bechtle AG / Key word(s): Corporate Action/Share Buyback
Bechtle AG: Scrip issue / Share buy-back programme
14-March-2017 / 14:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Bechtle AG: Scrip issue / Share buy-back programme
Neckarsulm, 14.03.2017 - The Executive Board and the Supervisory Board of
Bechtle AG resolved today to propose to the Annual General Meeting on 1 June
2017 to increase issued capital of the company from corporate funds by
so-called scrip issue to the existing shareholders of the company. Here, one
new no-par share is to be issued to the shareholders for each existing
no-pare share. In this way both the issued capital and the number of issued
shares are to be doubled; however the proportionate amount of the individual
shares in the issued capital is to continue to be EUR 1.00. At the same
time, the market price level of the individual Bechtle shares will reduce
accordingly, without affecting the real value of the shareholders'
shareholdings. This is intended to make trading in shares of the company
more liquid and the Bechtle share even more attractive for broader investor
circles.
On 14 March, the Executive Board of Bechtle AG also took the policy decision
to start a share buyback programme. The buy-back is to begin at the earliest
after the conclusion of the capital increase out of corporate funds and the
scrip issue. More details on the share buy-back programme will then to be
established and published. The basis for the buy-back is the resolution of
the Annual General Meeting of 16 June 2015, that empowered the company to
acquire treasury shares up to 10 percent of the existing issued capital in
the time period up to 15 June 2020.
The Executive Board and the Supervisory Board will also propose to the
Annual General Meeting on 1 June 2017 to distribute a dividend of EUR 1.50
to shareholders for the fiscal year 2016. This represents an increase of 10
euro cents compared to the previous year and would be the seventh dividend
increase in succession.
Contact:
Bechtle AG
Investor Relations
Martin Link
Telephone: +49 7132 981-4149
Fax: +49 7132 981-4116
[email protected]
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14-March-2017 CET/CEST 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: Bechtle AG
Bechtle Platz 1
74172 Neckarsulm
Germany
Phone: +49 7132 981-0
Fax: +49 7132 981-8000
E-mail: [email protected]
Internet: bechtle.com
ISIN: DE0005158703
WKN: 515870
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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553981 14-March-2017 CET/CEST
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IT-Infrastruktur , 515870 , BC8 , XETR:BC8