15.07.2014
CropEnergies AG DE000A0LAUP1
DGAP-News: CropEnergies decides on EUR 0.10 dividend
DGAP-News: CropEnergies AG / Key word(s): AGM/EGM/Dividend
CropEnergies decides on EUR 0.10 dividend
15.07.2014 / 15:59
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Mannheim, 15 July 2014 - At the annual general meeting of CropEnergies AG,
Mannheim, on 15 July 2014, shareholders approved by a large majority the
dividend proposal of the supervisory board and the executive board to
distribute a dividend of EUR 0.10 (previous year: EUR 0.20 + EUR 0.06
special distribution) per share entitled to dividend. This results in a
total dividend payout of EUR 8.7 (previous year: EUR 22.1) million. All
other agenda items were also adopted by a majority of more than 99 percent.
Around 800 shareholders and guests attended the annual general meeting in
the Congress Center Rosengarten in Mannheim. Overall, 83.4 percent of the
share capital was represented.
Aside from the two major projects which were the focus of CropEnergies in
the previous financial year, shareholders were particularly interested in
the political framework on an EU level and the developments in the
bioethanol market.
In July 2013, CropEnergies had acquired the British bioethanol producer
Ensus Limited and had increased its production capacity by 50 percent in a
single step. At the site in Zeitz, Germany, CropEnergies is investing EUR
27 million in the construction of a refinery for high-quality neutral
alcohol which is scheduled to go on stream in 2015.
After the last year had been characterized by discussions about the design
of the framework for biofuels, progress has been made on an EU level in
June 2014. CropEnergies assumes that an agreement will be reached in the
foreseeable future. In the mid-term, this should lead to an increase of the
share of renewable energies in the transport sector, e.g. through E10, and
should reduce the share of fossil fuels and consequently greenhouse gas
emissions quickly and cost-effectively. CropEnergies will continue to
campaign for a sustainable and reliable biofuels policy. The industry needs
a stable framework until 2020 and beyond.
CropEnergies AG
Ensuring mobility in a climate friendly way - today and in the future - is
CropEnergies' business. Founded in Mannheim, Germany, in 2006, the young
and dynamically growing member of the Südzucker Group is one of the leading
European manufacturers of sustainably produced bioethanol for the fuel
sector today. With its production capacities of 1.2 million cubic meters of
bioethanol per year, CropEnergies produces bioethanol which predominantly
replaces petrol in four modern production facilities in Germany, Belgium,
the UK, and France. The highly efficient production facilities reduce CO2
emissions by up to 70 percent across the whole value-added chain compared
to fossil fuel. With the production sites, the unique logistics network in
Europe as well as trading offices in the USA, Brazil, and Chile,
CropEnergies is one of the leading companies in a major emerging market.
At the same time, CropEnergies is an important producer of food and animal
feed products. The raw materials which are used such as cereals and sugar
beets are completely utilized. As a result, more than 1 million tonnes of
high-quality protein food and animal feed products are manufactured every
year out of the non-fermentable components of the raw materials.
Through advanced technology and innovation CropEnergies contributes to
ensure a sustainable mobility from renewable sources today and in the
future through its main product bioethanol: mobility - sustainable.
renewable.
The CropEnergies AG stock (ISIN DE000AOLAUP1) is listed at the regulated
market (Prime Standard) at the Frankfurt Stock Exchange.
Contact:
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
[email protected]
Public Relations / Marketing
Nadine Dejung
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
[email protected]
End of Corporate News
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Language: English
Company: CropEnergies AG
Gottlieb-Daimler-Str. 12
68165 Mannheim
Germany
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: [email protected]
Internet: www.cropenergies.com
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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278060 15.07.2014
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