11.05.2016
Grammer AG DE0005895403
DGAP-News: Dividend of EUR 0.75 per share approved at Grammer AG's annual general meeting
DGAP-News: Grammer AG / Key word(s): Dividend
Dividend of EUR 0.75 per share approved at Grammer AG's annual general
meeting
11.05.2016 / 15:58
The issuer is solely responsible for the content of this announcement.
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Dividend of EUR 0.75 per share approved at Grammer AG's annual general
meeting
CEO Hartmut Müller's contract to be renewed by a further five years
Amberg, May 11, 2016 - The shareholders of Grammer AG have accepted the
proposal submitted by the Executive Board and the Supervisory Board,
passing a resolution to approve a dividend distribution of EUR 0.75 per
share at today's annual general meeting. Accordingly, the company will be
distributing roughly EUR 8.41 million on the total of 11,214,624 dividend-
entitled shares, equivalent to around 27 percent of the net retained profit
of Grammer AG and around 36 percent of the group net profit which Grammer
generated last year.
"This unchanged high dividend is a clear signal to our shareholders that,
despite the challenging market conditions, we have been progressing as
planned with the implementation of our global growth strategy and that the
current valuation of our share offers attractive upside potential," said
Hartmut Müller, CEO of Grammer AG, in his address to the shareholders.
Approximately 42 percent of the voting-entitled capital was represented at
GRAMMER AG's annual general meeting. A large majority of shareholders voted
to ratify the actions of the Executive Board and the Supervisory Board in
2015.
It was also announced at the annual general meeting that the contract with
CEO Hartmut Müller would be renewed for a further five years. Under Hartmut
Müller's management, the Grammer Group has evolved into a very successful
global player over the last few years. Looking forward, the Supervisory
Board of Grammer AG wants to maintain the Group's dynamic growth with this
continuity in the Company's Executive Board.
Company Profile
Grammer AG, Amberg, Germany, specializes in the development and production
of components and systems for automotive interiors as well as driver and
passenger seats for utility and offroad vehicles. In the Automotive
Division, we supply headrests, armrests and center console systems to
premium automakers and automotive system suppliers. The Seating Systems
Division comprises the truck and offroad seat segments as well as train and
bus seats.
Grammer is represented in 20 countries worldwide with a workforce of over
12,000 employees across its 32 subsidiaries.
The Grammer share is listed in the SDAX and traded on the Frankfurt and
Munich stock exchanges via the electronic trading system Xetra as well as
in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock
exchanges.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
[email protected]
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11.05.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: [email protected]
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart
End of News DGAP News Service
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