ots Ad hoc-Service: AdCapital AG <DE0005214506> Best result in the company's history
Berlin (ots Ad hoc-Service) -
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Best result in the company's history Dividend proposed: Euro 0.65 per preferred share, Euro 0.50 for each ordinary share Conversion of preferred to ordinary shares
AdCapital produced the best result in the history of the company in the last financial year. The financial year ended December 31st, 2000 with a net income in the AG of Euro 140 million (previous year: Euro minus 65 million). The Group result to the year end was Euro 124 million after minus Euro 34 million in the previous period. Subject to the approval of the Annual General Meeting, the shareholders are to participate in this positive development. In yesterday's Supervisory Board meeting, the Management Board and the Supervisory Board resolved to propose to the Annual General Meeting for the 2000 financial year the distribution of a dividend of Euro 0.65 per preferred share and Euro 0.50 for each ordinary share and the remainder after a transfer to reserves carried forward. The dividend distribution totals some Euro 9.4 million.
The Management Board and the Supervisory Board propose to the Annual General Meeting to convert the preferred shares without voting rights into ordinary shares with voting rights. The preferential rights of the preferred shares without voting rights in @18 Par. 2 of the articles of association are thus cancelled. The previous equity structure consisting of two share classes is to be replaced by a single share class. After conversion each share in AdCapital AG grants one vote.
The Management Board will provide more details on the annual financial statements at the balance sheet press conference on April 24th in Berlin.
Contact:
C. Schroiff Tel. 030 885751 20 WKN: 521450 (ordinary
shares) WKN: 521453 (preferred shares)
WKN: 521450; Index: SMAX Listed: Amtlicher Handel in Berlin,
Fankfurt und Hamburg; Freiverkehr in Stuttgart, Hamburg und
Düsseldorf
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Original-Content von: AdCapital AG, übermittelt durch news aktuell