EANS-News: ANDRITZ AG Annual General Meeting approves substantial dividend increase and split of shares
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information
Graz (euro adhoc) - Graz, March 22, 2012. Today´s 105th Annual General Meeting
of Shareholders of ANDRITZ AG agreed to a dividend payment of 2.20 Euros per
share for the 2011 business year, which is an increase of 29% compared to the
dividend for the 2010 business year (1.70 Euro per share). Ex-dividend date is
March 26, 2012, the date of dividend payment March 28, 2012.
The Annual General Meeting also agreed to split the shares in a ratio of 1:2,
whereby the number of shares will increase to 104,000,000 and the proportionate
amount of the capital stock will be 1.- Euro per no-par value share in the
future. The corresponding adjustment of the share price at the Vienna Stock
Exchange is planned to take place on April 23, 2012.
Christian Nowotny, who has been a member of the ANDRITZ AG Supervisory Board
since 1999, was reappointed to the Supervisory Board of ANDRITZ AG.
All items on the agenda were approved by the shareholders present at the
Meeting.
- End -
The ANDRITZ GROUP
International technology Group ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper industry,
solid-liquid separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In addition,
ANDRITZ offers technologies for certain other sectors including automation,
pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass
boilers and gasification plants for energy generation, flue gas cleaning plants,
plants for the production of panelboards (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz,
Austria and has a staff of approximately 16,700 employees worldwide. ANDRITZ
operates over 180 production sites as well as service and sales companies all
around the world.
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English
Original-Content von: Andritz AG, übermittelt durch news aktuell