Software AG

  • WKN: A2GS40
  • ISIN: DE000A2GS401
  • Land: Germany

Nachricht vom 09.03.2015 | 17:17


Software AG  / Key word(s): Dividend/Payout

09.03.2015 17:17

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.

Ad hoc Release SOFTWARE AG PROPOSES HIGHER DIVIDEND AND ANNOUNCES INCREASED PAY-OUT RATIO Darmstadt, Germany, March 9, 2015 - Software AG's (FRA: SOW) Executive Board and Supervisory Board will propose at the Annual General Meeting on May 13, 2015 a dividend payment of EUR0.50 per share (prev. year: EUR0.46) for fiscal 2014, an increase of 9 percent. On the current basis of 78.9 million shares (prev. year 83.0 million) entitled to a dividend, the total payout would be around EUR39.5 million (prev. year EUR36.3 million). The payout ratio based on the average of free cash flow and group net income would increase to 32 percent (prev. year 26 percent). Based on the closing share price in 2014, this proposal is equal to a dividend yield of about 2.5 percent. For fiscal 2014 Software AG suggests to increase the dividend per share and pay tribute to the idea of value orientation. Software AG also decided to raise its existing pay-out ratio going forward to 25 to 33 percent (from 20 to 25 percent) of the averaged net income and free cash flow. Software AG's dividend policy is related to the long-term development of the company. The dividend is based on reported net income and free cash flow on one hand and the necessary financial requirements for further investments on the other. ### Contact: Software AG Software AG Robert Adolph Byung-Hun Park Director Investor Relations Senior Manager Financial Communications Uhlandstraße 12 Uhlandstraße 12 64297 Darmstadt 64297 Darmstadt Tel.: +49 (0)6151 92 1237 Tel: +49 (0)6151 92 2070 Mobile: +49 (0)176 15 922 921 Mobile: +49 (0)151 92 64911317 Email: Email: 09.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and
Language: English Company: Software AG Uhlandstraße 12 64297 Darmstadt Germany Phone: +49 (0)6151 92-1900 Fax: +49 (0)6151 92-34 1899 E-mail: Internet: ISIN: DE0003304002 WKN: 330400 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service

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IGEA Pharma N.V. Realignment to CBD extraction

The goal is to become the quality and cost leader in the field of CBD in Europe. To this end, a GMP pharma compliant plant is being built in Switzerland. The supercritical CO2 extraction process is to be used to achieve the highest standard of quality. The CBD market is growing strongly and with the focus on quality leadership and pure extraction, IGEA Pharma's new business model should be able to occupy an attractive niche market. With the proprietary supercritical CO2-extraction technology, other markets such as vanilla, rose or rosemary can be developed in the medium term. Based on our DCF model, we have determined a fair value of € 1.05 (CHF 1.13) per share and assign a BUY rating.

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