Höft & Wessel AG

EANS-News: Hoeft & Wessel pays higher dividend (with document)


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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Dividend Announcements/Distribution

Subtitle: Streamlining of Group structures creates synergy effects

Hannover/Germany, 15/06/2011. (euro adhoc) - Hoeft & Wessel AG pays a 25 per
cent higher dividend to its shareholders for fiscal 2010. At the Annual General
Meeting, the majority of the company´s shareholders approved the payment of EUR
0.10 per share (previous year: EUR 0.08). In relation to the share price at the
end of 2010, this represents a dividend yield of 2.6 per cent. Since the payment
of the dividend will be tax-free, as in the previous year, the gross yield of
about 3.4 per cent is good in comparison with other public limited companies in
Germany.

In his address to the shareholders, CEO Hansjoachim Oehmen emphasised that the
IT company was pursuing a sustainable dividend policy in the long term. The
public limited company listed in the Prime Standard segment of the German
Securities Exchange in Frankfurt had paid a dividend for the first time in the
year 2010.

In his speech, Oehmen also dealt with the streamlining of the Group´s
structures. Accordingly, the business divisions are to be consolidated to a
greater degree following a downsizing of the Management Board to two members.
Oehmen indicated that the company´s objective was to leverage synergies and cut
costs.

Press kit with speech: http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

The Company
The Hoeft & Wessel Group is the leading IT and engineering technology Group for
ticketing, parking and mobile solutions in Germany and Great Britain.
Established in 1978 by the two entrepreneurs who gave the company its name and
listed on the stock market since 1998, the enterprise has developed into a
group of companies with sales revenues of nearly EUR 100 million and a
workforce of 500 employees. Its main locations are Hannover, Germany, and
Swindon, UK, to the west of London.

Attachments with Announcement:
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http://resources.euroadhoc.com/us/aGSmf8La
http://resources.euroadhoc.com/us/O2b1RxVd

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

end of announcement                               euro adhoc 
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/aGSmf8La
http://resources.euroadhoc.com/us/O2b1RxVd


company:     Höft & Wessel AG
             Rotenburger Str.  20
             D-30659 Hannover
phone:       +49-511-6102-0
FAX:         +49-511-6102-411
mail:     ir@hoeft-wessel.com
WWW:      http://www.hoeft-wessel.com
sector:      Technology
ISIN:        DE0006011000
indexes:     TecDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, Hannover, München 
language: English
 

 

 



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