DGAP-News: Weng Fine Art AG raises Dividend by 67% and intends to issue Bonus Shares
(firmenpresse) - DGAP-News: Weng Fine Art AG / Key word(s): Dividend
Weng Fine Art AG raises Dividend by 67% and intends to issue Bonus
Shares
11.06.2012 / 08:00
---------------------------------------------------------------------
Weng Fine Art AG raises Dividend by 67% and intends to issue Bonus Shares
Weng Fine Art AG (WFA) intends to distribute a dividend of EUR 0.25 per
share for the financial year 2011/12. Compared to the previous year this
corresponds to an increase of EUR 0.10 or 67%. In addition, the art dealer,
that has been listed on the Frankfurt Stock Exchange since the beginning of
the year, wants to propose the issue of bonus shares in the ratio of 1 : 1
at the Annual General Meeting to be held on 24 September 2012 in Krefeld.
The shareholders would therefore receive an additional share for each WFA
share they hold.
'We want to let our shareholders participate in an appropriate way in our
record results of last year whilst at the same time uphold our successful
payout history', explains CEO Rüdiger K. Weng and points out that Weng Fine
Art AG has been paying progressively rising dividends since 2004. Bonus
shares are also not a novelty for the company shareholders: Already in the
past year the company had distributed bonus shares in the ratio of 1 : 1
out of company funds. Moreover, the decisions of the Board of Directors and
Supervisory Board emphasise their great optimism with regard to the future
development of the business.
The agenda of the Annual General Meeting will be published in August in the
German federal electronic gazette ('Elektronischer Bundesanzeiger') and
sent to those shareholders on the company share register.
About Weng Fine Art AG
Weng Fine Art AG (www.wengfineart.com) is one of the fastest-growing,
internationally active art dealing companies on the European continent. The
company uses a B2B model, focusing on trading more than 500 blue chip
artists from the 20th century. Important clients are, beside others,
Sotheby's, Christie's and Phillips. The retail market is served by its 100%
subsidiary Weng Fine Art Editions GmbH that offers worldwide on various
platforms, multiple works of art by some of the most important contemporary
artists. Weng Fine Art shares are traded on the Frankfurt Stock Exchange
(Entry Standard) since 2 January 2012.
Contact
Weng Fine Art AG
Rüdiger K. Weng, Chairman
Kimplerstrasse 294 | D-47807 Krefeld
Telephone +49(0)2151 93713-0 | Telefax+49(0)2151 93713-29
E-Mail weng(at)wengfineart.com | Internet www.wengfineart.com
End of Corporate News
---------------------------------------------------------------------
11.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
173389 11.06.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Avalon and the Deninu K'ue First Nation Enter into Accommodation Agreement
Datum: 11.06.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 154825
Anzahl Zeichen: 3667
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 217 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Weng Fine Art AG raises Dividend by 67% and intends to issue Bonus Shares"
steht unter der journalistisch-redaktionellen Verantwortung von
Weng Fine Art AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
