XING AG / Key word(s): Dividend
24.02.2014 19:44
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 24 February 2014 - The Executive Board of Hamburg-based XING AG
(ISIN DE000XNG8888) today decided to put forward a proposal to the
Supervisory Board to increase the basic dividend from EUR 0.56 per share to
EUR 0.62 per share in light of the Company's preliminary unaudited figures
for the 2013 fiscal year. The Executive Board also decided to pay a special
dividend of EUR 3.58 per share. XING's liquid assets of EUR 66 million as
of the end of 2013 and its cash-generative business model enable it to pay
out a special dividend without any change to its continued growth strategy.
After confirmation of the audited consolidated financial statements, the
profit appropriation proposal is to be presented to the Annual General
Meeting for resolution on the appropriation of the net income. Subject to
approval by the Supervisory Board and Shareholders at the Annual General
Meeting to be held on 23 May 2014, the total dividend payment will amount
to around EUR 23.4 million.
24.02.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: XING AG
Dammtorstraße 29-32
20354 Hamburg
Germany
Phone: +49 (0)40 419 131-793
Fax: +49 (0)40 419 131-44
E-mail: investor-relations@xing.com
Internet: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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