XING AG / Key word(s): Dividend/Preliminary Results
22.02.2016 07:40
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Hamburg, 22 February 2016 - On the basis in light of the company's
preliminary unaudited figures for the 2015 fiscal year the Executive Board
of Hamburg-based XING AG (ISIN DE000XNG8888) today resolved to put forward
a proposal to the Supervisory Board to increase the regular dividend from
EUR 0.92 per share to EUR 1.03 per share. The Executive Board also resolved
to propose an additional special dividend distribution of EUR 1.50 per
share. XING's liquid assets of EUR 78.0 million as of the end of 2015 and
its cash-generative business model enable it to pay out a special dividend
without compromising its continued growth strategy.
After approval of the audited consolidated financial statements by the
Supervisory Board, the dividend distribution proposal is to be presented to
the Annual General Meeting for resolution. Subject to approval by the
Supervisory Board at its plenary meeting to be held on 23 March 2016, and
the respective shareholder approval at the Annual General Meeting to be
held on 2 June 2016, the total dividend payment will amount to around EUR
14.2 million.
22.02.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: XING AG
Dammtorstraße 30
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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart;
Terminbörse EUREX
End of Announcement DGAP News-Service
---------------------------------------------------------------------------