DGAP-News: Annual General Meeting on 24 September: Weng Fine Art AG proposes to double dividends and issues 2.25 million bonus shares
(firmenpresse) - DGAP-News: Weng Fine Art AG / Key word(s): AGM/EGM
Annual General Meeting on 24 September: Weng Fine Art AG proposes to
double dividends and issues 2.25 million bonus shares
06.08.2012 / 09:30
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Annual General Meeting on 24 September: Weng Fine Art AG proposes to double
dividends and issues 2.25 million bonus shares
At its annual general meeting on 24 September 2012 in Krefeld, Weng Fine
Art AG (WFA) will be proposing a cash dividend of EUR 0.30 per share for
the financial year 2011/12 - double the dividend paid out in the previous
year and once again EUR 0.05 more than predicted earlier this year. The art
dealer, which was listed on the Frankfurt stock exchange at the start of
this year, is also proposing a bonus stock issue at the same time: The
1 : 1 ratio originally predicted has been increased to 4 : 1. The
shareholders would therefore receive four additional shares for each WFA
share they hold.
'The excellent performance of the company in the first half year, our
optimistic outlook for the rest of the year and our strong financial
position, thanks to the recent capital increase, allow us to give
shareholders the opportunity to participate in the company's achievements
to a greater extent than originally planned', commented the company's
founder and CEO Rüdiger K. Weng. The invitation to the company's AGM will
be published soon on www.wengfineart.com.
ABOUT WENG FINE ART AG
Weng Fine Art AG (www.wengfineart.com) is one of the fastest-growing,
internationally active art traders 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 AG shares are traded on the Frankfurt Stock Exchange (Entry
Standard) since 2 January 2012.
CONTACT DETAILS
Weng Fine Art AG
Rüdiger K. Weng, Vorstand
Kimplerstrasse 294 | D-47807 Krefeld
Telefon +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
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06.08.2012 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
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Language: English
Company: Weng Fine Art AG
Kimplerstraße 294
47807 Krefeld
Germany
Phone: 02151 937130
Fax: 02151 93713-29
E-mail: art(at)wengfineart.com
Internet: www.wengfineart.com
ISIN: DE0005181606WKN: 518160
Listed: Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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180386 06.08.2012
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Datum: 06.08.2012 - 09:30 Uhr
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