GESCO General Meeting resolves a sharp increase in the dividend


Wuppertal, 24 August 2006 – Today's General Meeting of the listed (Prime Standard) investment company GESCO AG has resolved an increase in the dividend for financial year 2005/2006 (01.04.2005 – 31.03.2006) of around 40% to EUR 1.25 per share (previous year EUR 0.90 per share).

The Executive Board members Dr. Hans-Gert Mayrose and Robert Spartmann reported on the most successful financial year in the company's history to date and announced further growth for the new financial year 2006/2007 to some 450 shareholders and guests in the ancient Wuppertaler Stadthalle. The Executive Board also explained the acquisition of Frank Walz- und Schmiedetechnik GmbH in Hatzfeld, which took place in July 2006.

In addition to the usual proposals, the agenda included authorising the company to buy back shares and to create new authorised capital.

All the items on the agenda were voted for, as proposed by the management, unanimously or virtually unanimously.