Tous Actualités
Suivre
Abonner Binder+Co Aktiengesellschaft

Binder+Co Aktiengesellschaft

EANS-News: Binder+Co Aktiengesellschaft
Annual General Meeting agrees dividend of 64 cents per share and renewal of share buy-back programme

Gleisdorf/Vienna (euro adhoc) -

Operating profit improved by 47% in 2008
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
stock market/AGM
As expected, at yesterday´s Annual
General Meeting, the Binder+Co AG shareholders approved the annual 
financial statements presented for 2008. During the past year the 
Gleisdorf-based processing, environmental and packaging technology 
specialist was once again able to achieve dynamic development in all 
areas. Sales revenues were up by 37.4% at EUR 73.45 million, while 
EBIT was improved by 47.2% to EUR 7.20 million. At EUR 85.25 million,
company order intake was also 48.3% higher than the figure for the 
preceding year.
Following yesterday´s approval by the AGM, the positive result 
prompted Binder+Co to distribute a dividend for 2008 of 64 cents per 
share to shareholders. This represents a payout ratio of around 50%.
Furthermore, the authorisation granted to the Management Board at the
last AGM (March 26, 2008), with regard to the purchase own shares, 
was renewed. Consequently, the Management Board is empowered to 
acquire of up to 10% of its own shares up to September 25, 2011. The 
acquired shares will be offered for acquisition to all employees, 
including all Management Board members, in the course of a stock 
option programme. Up to now, 100,997 shares, representing 2.69% of 
share capital, have been repurchased and are under the ownership of 
the company.
Member of the Board, Karl Grabner, "The agreed dividend and stock 
option programme serve to underline our commitment to providing our 
stockholders and employees with a commensurate share of the 
benefits."
A further item on the agenda of the AGM was the election of the 
Supervisory Board, whereby Erhard F. Grossnigg (grosso holding 
Gesellschaft mbH) was appointed to the Board as a new member. At its 
subsequent constituent meeting, the Supervisory Board then selected 
Erhard F. Grossnigg as chairman and Kurt Berger as vice-chairman.
end of announcement                               euro adhoc

Further inquiry note:

Karl Grabner, Member of the Board
Phone: +43 (0) 3112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade

Plus de actualités: Binder+Co Aktiengesellschaft
Plus de actualités: Binder+Co Aktiengesellschaft