euro adhoc: Schering AG
Dividend Announcements/Distribution
Schering AG to
raise dividend by 20 %
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.12.2005
Schering AG (FSE: SCH, NYSE: SHR) announced today that a dividend of EUR 1.20 per share will be proposed to the Annual General Meeting on April 19, 2006 based on a continuous positive business development in 2005. This equals an increase of 20 percent compared to the previous year.
Furthermore, Schering announced a settlement with Bayer AG regarding parts of the warranty claims asserted by Bayer. This settlement relates to the sale of Schering's stake in the plant protection company Aventis CropScience in 2002. This will lead to a reversal of provisions with a positive one-time effect on the result after taxes of approximately seventy to a hundred million Euro.
This positive effect will partially compensate for potential negative one-time effects. These result from restructuring measures in regard to Schering's FOCUS-program, which, among other things, includes a strategic realignment of its radiopharmaceutical business CIS bio International.
end of announcement euro adhoc 20.12.2005 15:48:33
Further inquiry note:
Oliver Renner
Leiter Business Communication
Tel.: +49 (0)30 468 12431
Fax: +49 (0)30 468 16646
E-Mail: oliver.renner@schering.de
Branche: Pharmaceuticals
ISIN: DE0007172009
WKN: 717200
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing
SWX Swiss Exchange / regulated dealing
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New York / ADR
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Bayerische Börse / official dealing
Bremer Wertpapierbörse (BWB) / official dealing