DGAP-News: Gesco AG / Key word(s): AGM/EGM/Dividend Wuppertal, 25 August 2016 - Today's Annual General Meeting of GESCO AG resolved to significantly increase the dividend. The dividend for the financial year 2015/2016 amounts to EUR 2.00 per share, up on the EUR 1.75 paid per share in the previous year. In addition, the Annual General Meeting also resolved on a share split in conjunction with a capital increase from own funds - among other things. This is designed to increase the number of shares and thereby improve liquidity and make the share more attractive, particularly for private investors. The share capital is to be increased from EUR 8,645,000 to EUR 9,975,000 through the conversion of capital reserves. Subsequently, the share capital will be redistributed into 9,975,000 no-par value registered shares, each accounting for EUR 1.00 of share capital, at a ratio of 1:3, tripling the current number of shares (3,325,000). All shares carry full entitlement to dividends for the current financial year 2016/2017. This measure is expected to be implemented in the fourth quarter of 2016. About GESCO Investor Relations ( Oliver Vollbrecht
2016-08-25 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English | |
Company: | Gesco AG | |
Johannisberg 7 | ||
42103 Wuppertal | ||
Germany | ||
Phone: | +49 (0)202 248200 | |
Fax: | +49 (0)202 2482049 | |
E-mail: | gesco@gesco.de | |
Internet: | www.gesco.de | |
ISIN: | DE000A1K0201 | |
WKN: | A1K020 | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange | |
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