TAKKT AG / Key word(s): AGM/EGM/Dividend
TAKKT Shareholders' Meeting: Dividend policy a sign of continuity
Ludwigsburg/Stuttgart, Germany, May 06, 2014. The Shareholders' Meeting of TAKKT AG today approved the payment of an unchanged dividend of EUR 0.32 per share. Despite a challenging economic environment in 2013 due to acquisition effects, the TAKKT Group achieved turnover growth of 1.3 percent and presented solid figures.
The Shareholders' Meeting approved all the items on the agenda - including the discharging of the Management and Supervisory Boards for the 2013 financial year - by a large majority. In addition, the shareholders granted a new authorization until 2019 to acquire treasury shares for up to 10 percent of share capital. In addition, they authorized the creation of new approved capital of approximately EUR 32.8 million. With the adoption of the unchanged total distribution of EUR 21 million, the dividend amounts to EUR 0.32 per no-par-value bearer share, the same as in the previous year. The payout ratio for 2013 amounts to 40 percent of the profit for the period of EUR 52.5 million.
In addition, it was announced today that Deputy Chairman of the Supervisory Board Prof. Dr Klaus Trützschler will resign from his post on the Supervisory Board of TAKKT AG effective June 30, 2014. The Supervisory Board is confident that it will ensure a sound succession in the near future. Discussions are already being held with competent candidates for this position.
Solid performance thanks to a diversification strategy
DYNAMIC initiative: Investing in change and growth
Sustainability as part of the business model
In March, TAKKT published its 2014 Sustainability Report, which provides an overview of the status of all sustainability measures. The 2014 Sustainability Report has achieved the "Advanced Level" according to the Global Compact of the United Nations. The focus of this level is on implementing and observing ten universal principles in the areas of human rights, labor standards, environmental protection and combating corruption in operational business. Currently, TAKKT is one of only eleven German companies that have been awarded this status.
About TAKKT AG
The TAKKT Group has over 2,500 employees and more than three million customers worldwide. TAKKT AG is listed on the SDAX and has been in the Deutsche Boerse Prime Standard since January 1, 2003.
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