Dividends
Announcement of dividend payment for the financial year 2009/10
The shareholder’s annual meeting of our company on July 23, 2010 resolved to pay a dividend of EUR 0.15 per share for the 2009/10 financial year.
The dividend will be paid starting on July 30, 2010 through the safekeeping bank by deducting a 25% withholding tax, as long as no tax exemption on investment income is applicable.
Paying agent is Erste Group Bank AG. The trading at Vienna Stock Exchange will be ex dividend 2009/10 commencing on July 27, 2010.
Dividend Policy
Holders of Shares are entitled to any annual dividend declared in respect of the Company’s fiscal year. The payment and amount of dividends on the Shares are subject to the approval of the shareholders at the annual shareholders’ meeting. The entire share capital - including the shares from the capital increase - carries full dividend rights for the financial year that commenced on May 1, 2006.
The Company’s policy is to recommend a distribution of dividends in line with that of other companies that the Managing Board considers to be the Group’s industry benchmark, which would currently be a payout ratio of approximately 30% to 50% of consolidated net income. The timing and amount of such dividends, if any, will depend upon the Company’s future earnings and prospects, capital requirements and financial condition and such other factors as the Managing and Supervisory Boards of the Company consider relevant, as well as the approval of shareholders. The Company’s ability to pay dividends is determined based on its unconsolidated financial statements prepared in accordance with Austrian GAAP. There can be no assurance that any dividends will be paid or that, if paid, they will correspond to the policy described above.
The shareholder’s annual meeting of our company on July 23, 2010 resolved to pay a dividend of EUR 0.15 per share for the 2009/10 financial year.
The dividend will be paid starting on July 30, 2010 through the safekeeping bank by deducting a 25% withholding tax, as long as no tax exemption on investment income is applicable.
Paying agent is Erste Group Bank AG. The trading at Vienna Stock Exchange will be ex dividend 2009/10 commencing on July 27, 2010.
Dividend Policy
Holders of Shares are entitled to any annual dividend declared in respect of the Company’s fiscal year. The payment and amount of dividends on the Shares are subject to the approval of the shareholders at the annual shareholders’ meeting. The entire share capital - including the shares from the capital increase - carries full dividend rights for the financial year that commenced on May 1, 2006.
The Company’s policy is to recommend a distribution of dividends in line with that of other companies that the Managing Board considers to be the Group’s industry benchmark, which would currently be a payout ratio of approximately 30% to 50% of consolidated net income. The timing and amount of such dividends, if any, will depend upon the Company’s future earnings and prospects, capital requirements and financial condition and such other factors as the Managing and Supervisory Boards of the Company consider relevant, as well as the approval of shareholders. The Company’s ability to pay dividends is determined based on its unconsolidated financial statements prepared in accordance with Austrian GAAP. There can be no assurance that any dividends will be paid or that, if paid, they will correspond to the policy described above.