DGAP-News: IBS AG excellence, collaboration, manufacturing: IBS AG Annual General Meeting Resolves upon Further Dividend Payout
(firmenpresse) - IBS AG excellence, collaboration, manufacturing / AGM/EGM/AGM/EGM
25.06.2010 13:33
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Hoehr-Grenzhausen, 25th June 2010 +++ IBS AG (WKN 622840 / ISIN
DE0006228406) shareholders have approved the management's dividend payout
proposal within the scope of the IBS AG Annual General Meeting. A dividend
of 0.10 EUR per share will again be effected for the 2009 financial year.
Based on the 6,731,478 shares carrying dividend entitlement, a dividend of
0.10 EUR per share corresponds to a total payout volume of 673,147.80 EUR.
In view of the 2009 balance sheet profit of 3,449,677.69 EUR, a volume of
2,776,529.89 EUR shall be carried forward to the new accounting period.
Based on the current share price of 3.19 EUR, the dividend will give IBS
shareholders a return of over 3 per cent. In accordance with the resolution
by the Annual General Meeting, the dividend payout is likely to be effected
on 28th June 2010. IBS AG shall be continuing to strive for the payout of
further dividends in the future, subject to Company performance.
Approximately 30 shareholders participated in the Company's tenth Annual
General Meeting in Hoehr-Grenzhausen. The attendance of nominal capital
carrying voting rights amounted to 59.70 per cent. All nine of the agenda
items subject to voting were accepted with a clear majority. The actions of
the Board of Management and Supervisory Board were virtually unanimously
approved.
Furthermore, 100 per cent of the shareholders voted in favour of amendments
in the Articles of Association to include a new law aimed at increasing the
flexibility of the voting procedure at the Annual General Meeting and
revision of the Articles of Association. The German law pertaining to the
realisation of shareholder rights guidelines (ARUG) brings with it a change
in the German Companies Act regarding the exercise of shareholder rights at
the Annual General Meeting. This introduces, inter alia, a postal voting
option. The Board of Management has now been transferred the authority to
decide to exercise this right. In addition, the Articles of Association
regulations pertaining to the term of application, the administration of
the Annual General Meeting and the authority procedure have been amended,
as well as the Articles of Association text, which was simplified as
necessary.
99.68 per cent of the IBS AG shareholders voted in favour of empowering the
Board of Management the right to purchase IBS Shares corresponding to up to
10 per cent of the current nominal capital by 24th June 2015. Since the
Company's empowerment to purchase treasury stock, granted by the 2008
Annual General Meeting, IBS AG has issued five share repurchase programmes
and in doing so has been able to repurchase approximately 2.2 per cent of
the nominal capital. As at 25.06.2010 IBS AG held 151,587 own shares.
99.65 per cent of the of the nominal capital carrying voting rights
represented at the Annual General Meeting attending voted in favour of the
annulment of existing authorised capital and the creation a of new
authorised capital ('authorised capital 2010'), along with the respectiveamendments in the Articles of Association.
Furthermore, 99.91 per cent of the shareholders also voted in favour of the
annulment of existing specific contingent capital items and the respective
amendments in the Articles of Association.
99.87per cent of the shareholders also approved the appointment of the
auditing firm Ernst&Young GmbH Wirtschaftsprüfungsgesellschaft,
Mergenthaler Allee 3-5, 65760 Eschborn, Germany for preparation of the
annual statement and consolidated annual statement for the 2010 financial
year.
IBS AG closed the last financial year with a profitable result, in spite of
the weak macroeconomic situation throughout 2009. The high volume of orders
on hand from project and maintenance business of 11.14M EUR at the end of
2009 was very pleasing. Leading market research institutes anticipate a
more positive development in the market for software and IT services in
2010. The Board of Management shares this opinion, anticipating a
moderately positive development during the 2010 financial year.
25.06.2010 13:33 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: IBS AG excellence, collaboration, manufacturing
Rathausstrasse 56
56203 Hoehr-Grenzhausen
Deutschland
Phone: 02624/ 9180-424
Fax: 02624/ 9180-966
E-mail: investorrelations(at)ibs-ag.de
Internet: www.ibs-ag.de
ISIN: DE0006228406
WKN: 622840
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: 25.06.2010 - 13:33 Uhr
Sprache: Deutsch
News-ID 23028
Anzahl Zeichen: 0
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Kategorie:
Business News
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