DGAP-News: GRENKELEASING AG: Shareholders approve dividend equal to previous year's level - Annual General Meeting of GRENKELEASING AG on 2009 financial year
(firmenpresse) - GRENKELEASING AG / AGM/EGM
11.05.2010 16:32
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* Business model has proven itself in tough 2009 recession
* Dividend proposal of EUR 0.60 per share accepted
* Annual General Meeting approves all agenda items with large majority
Baden-Baden, May 11, 2010: At the ordinary Annual General Meeting on May
11, 2010 at the Baden-Baden Congress House, the shareholders of
GRENKELEASING AG authorised the distribution of a dividend for the 2009
financial year of EUR 0.60 per share - equal to the previous year's level.
This corresponds to a dividend total of EUR 8.2 million and will be paid on
May 12, 2010.
EUR 15.1 million of the net retained profits reported for the 2009
financial year of EUR 23.3 million will be carried forward to new account
in 2010.
The Annual General Meeting granted ratification for the members of the
Board of Directors and the Supervisory Board for the 2009 financial year.
All resolutions proposed by the Board of Directors and the Supervisory
Board were approved by a majority.
The Annual General Meeting elected Mr. Florian Schulte and Prof. Thilo Wörn
to the Supervisory Board. Mr. Dieter Münch and Mr. Erwin Staudt were
re-elected. The term in office of the elected members of the Supervisory
Board ends as of the 2014 Annual General Meeting. Dr. Brigitte Sträter and
Dr. Oliver Nass left the Supervisory Board.
In their speeches, the Directors first looked back over the events of 2009
and then delivered an outlook for the current financial year.
'Our business model is established and well developed and has proven itself
over the decades in periods of growth and the tough recession of 2009.
While this has left its mark on our earnings,overall 2009 will be seen as
just a minor and brief deviation from our long-term growth trend,'
commented the CEO of the Baden-Baden company - Wolfgang Grenke - in his
speech to the shareholders.
'The GRENKE Group is set to expand again. In the first quarter of 2010, the
Group, including franchisepartners, increased new business considerably by
26.6%, thus very clearly exceeding our target of around 15% growth while
keeping our contribution margin 2 at a high level. Overall, we are assuming
that a consolidated profit of EUR 25 to 28 million will be generated in
2010,' said Dr. Uwe Hack - Deputy Chairman of the Board of Directors of the
company, of his goals for 2010.
Around 250 shareholders took part in the Annual General Meeting. The
presence at the time of voting was 79,6 %.
The company had invited students of the Markgraf-Ludwig-Gymnasium and the
Richard-Wagner-Gymnasium Baden-Baden to attend its Annual General Meeting
as part of its ongoing programme to involve local schools. The winners of
the savings Bank Sparkasse Baden-Baden's stock exchange planning game were
also in attendance as guests.
The Board of Directors
Should you have any queries, please contact:
Renate Hauss
Phone +49 7221 5007-204
Fax: +49 7221 5007-112
E-mail: investor(at)grenke.de
Internet: www.grenke.de; www.grenkebank.de, www.grenkefactoring.de
The GRENKE Group
The GRENKE Group is a broadly diversified provider of financial services
for small to medium-sized enterprises and for private retail clients.
The GRENKE Group comprises companies which operate in fourteen European
countries, all being part of the consolidated GRENKELEASING corporate
group. In addition the GRENKE Group is represented in seven further
countries in Europe by way of a franchise system. Including its franchise
partners, the GRENKE Group is represented at 20 locations in Germany and a
total of 37 locations internationally.
The range of services offered by the GRENKELEASING Group (not including
franchise partners) covers small-ticket IT leasing and factoring and -
through GRENKE BANK AG - classic online banking services.
GRENKE BANK AG has been part of the GRENKELEASING Group since the beginning
of 2009.
The bank- and vendor-independent GRENKE Group holds a leading market
position in Europe in the field of small-ticket IT leasing for products
such as PCs, notebooks, copiers, printers or software of relatively low
asset value. Its range is rounded off by Car Leasing from one of its
franchise partners.
GRENKELEASING AG is listed on the Prime Standard of the Frankfurt
Securities Exchange and is part of the SDAX.
The shares of GRENKELEASING AG are listed on the SDAX of the Frankfurt
Securities Exchange under the identification code GLJ, ISIN DE0005865901.
Information on the GRENKE Group and its products is available for download
on the Internet, at www.grenke.de, www.grenkebank.de,
www.grenkefactoring.de.
11.05.2010 16:32 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: GRENKELEASING AG
Neuer Markt 2
76532 Baden-Baden
Deutschland
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-112
E-mail: investor(at)grenke.de
Internet: www.grenke.de
ISIN: DE0005865901
WKN: 586590
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 11.05.2010 - 16:32 Uhr
Sprache: Deutsch
News-ID 20692
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