DGAP-News: Weng Fine Art AG / Key word(s): AGM/EGM/Miscellaneous Weng Fine Art AG prepares for a holding structure in its Annual General Meeting 08.09.2014 / 09:00 --------------------------------------------------------------------- PRESS RELEASE | 8 SEPTEMBER 2014 Weng Fine Art AG prepares for a holding structure in its Annual General Meeting The Annual General Meeting of Weng Fine Art AG (WFA), which took place in Krefeld on September 1, has paved the way for the implementation of a holding structure. The corresponding revisions of the Articles of Association were adopted with a quorum of 99.99%. In front of about 150 attending shareholders and guests, WFA CEO and founder Rüdiger K. Weng clarified the future strategy of the company listed on the Frankfurt Stock Exchange: "Our focus is now on organic growth in the areas of B2B trade, e-commerce and services - complemented by attractive strategic investments ". All the other resolutions proposed by the administration were adopted unanimously or with 99.99% of the votes cast - including the discharge of the Executive and Supervisory Board, the appointment of the auditors, and the conversion of the financial year. 2015 will be a short fiscal year - from 1 February to end of the year in 2015 - with the 2016 fiscal year then corresponding to the calendar year. In addition, new supervisory board elections were held, with the current members Heribert Reiners (Chairman), Christian W. Röhl (Deputy Chairman) and Wim Zwitserloot reelected for two more years in office. Furthermore, the Insurance Manager Dr. Dietrich von Frank was unanimously elected as a substitute member of the Supervisory Board. The Annual General Meeting decided, in accordance with the management's proposal, to pay a dividend of EUR 0.11 per share by the custodian banks on September 3rd 2014. The dividend for the fiscal year increased again - up 10 percent over the previous year. ABOUT WENG FINE ART AG Weng Fine Art AG (www.wengfineart.com), headquartered in Krefeld and with subsidiaries in Switzerland, is a leading international art trading and consulting company. The founder-led company combines long-standing expertise in the art market with business know-how. Other success factors are the large inventory focused on artworks of the 20th and 21st centuries, as well as access to attractive financing. On this basis, WFA continuously builds its operational activity and regional presence, and addresses new segments in the art market such as art e-Commerce. Weng Fine Art AG is listed on the Entry Standard of the Frankfurt Stock Exchange. INVESTOR RELATIONS CONTACT Weng Fine Art AG c/o edicto GmbH, Axel Mühlhaus Eschersheimer Landstr. 42 | 60322 Frankfurt a.M. Telefon +49 (0)69 905505-52 | Telefax +49 (0)69 905505-77 E-mail [email protected] --------------------------------------------------------------------- 08.09.2014 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Weng Fine Art AG Kimplerstraße 294 47807 Krefeld Germany Phone: 02151 937130 Fax: 02151 93713-29 E-mail: [email protected] Internet: www.wengfineart.com ISIN: DE0005181606 WKN: 518160 Listed: Freiverkehr in Berlin; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 285855 08.09.2014