mwb fairtrade Wertpapierhandelsbank AG
MWB AG Announces Stock Split
Securities Bank\047s Subsidiary Profiting from Globalization and Merger Wave
Gräfelfing, Munich (ots)
The managing board of MWB Wertpapierhandelshaus AG at its financial-statements press conference reported on the completed business year and gave a preview of current and planned activities. The managing board and supervisory board will recommend to the shareholders' meeting a capital increase out of stockholders' equity, conversion of capital stock to the euro, and a 3-to-1 stock split. This will make the stock price lighter and the company's shares even more attractive to investors. Further, as already announced, a dividend payment of DM 6.50 per share will be recommended due to the good development of the company's business.
The managing board sees the reason for MWB's positive development in the company's outstanding positioning. Besides its consistent business policy as a daily-bookings manager and market-maker for foreign stocks, MWB has built a second foundation with its securities-trading subsidiary, MWB Wertpapierhandelsbank. As an independent provider of financial services, the company has been able to profit especially in the area of asset management from the return to customer contact and individual advice that has developed in reaction to the merger wave in banking. MWB also views the merger of the Frankfurt and London stock exchanges positively. "Whether technical handling takes place in London or Frankfurt doesn't matter to us," said CEO Thomas Posovatz. "What's important for us and the stocks we handle is that we remain able to shape markets. And so in April we were able to produce more than 1/7 of the trading volume at the Berlin stock exchange with just three of our securities. In any case, for the future of MWB the following is true: At the shareholders' meeting on June 27, the company will present the best profits in its history and show itself to be well-equipped for the future.
MWB AG (www.mwb.de) has been listed in the SDAX since April 1999. It is a leading daily-bookings manager and market-maker in foreign unlisted securities. MWB has seats on the Munich, Berlin, Frankfurt, Düsseldorf and Stuttgart stock exchanges. It is also active in the IPO and asset management areas with its wholly owned subsidiary MWB Wertpapierhandelsbank.
Contact and additional information:
MWB Wertpapierhandelshaus AG Thomas Posovatz Rottenbucher Strasse 28 D-82166 Gräfelfing Tel: 089-85852500 Fax: 089-85852505 E-mail: investors-relations@mwb.de
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