XING AG / Key word(s): Dividend
23-Feb-2017 / 07:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, 23 February 2017 - On the basis of the company's preliminary
unaudited figures for the 2016 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 by 33
percent from EUR 1.03 per share to EUR 1.37 per share. The Executive Board
also resolved to propose to the supervisory board an additional special
dividend distribution of EUR 1.60 per share. XING's liquid assets of EUR
83.0 million as of the end of 2016 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 21 March 2017, and
the respective shareholder approval at the Annual General Meeting to be
held on 16 May 2017, the total dividend payment will amount to around EUR
16.7 million.
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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, Tradegate Exchange
End of Announcement DGAP News Service