DGAP-News: Balda approves a dividend of 30 cents


Balda AG / Key word(s): AGM/EGM

01.06.2006 17:15


Balda approves a dividend of 30 cents

The Board of Management is authorised to raise funds for the further

expansion of the group / Shareholders pass motions and approve course of

the Board of Management with a large majority

Bad Oeynhausen / Bielefeld – Balda AG, which is listed in the SDAX of the

Frankfurt Stock Exchange, is to pay its shareholders a cash dividend of 30

cents per share for the 2005 fiscal year. Some 800 shareholders approved

this 50 per cent increase in the dividend at the 7th regular general

meeting of the company on 1 June in Bielefeld municipal hall. The

specialist for precision components made of high-performance plastics, in

particular for mobile telephones, is thus distributing some EUR 12.0

million after EUR 8.0 million in the previous year. The net income for the

year stood at EUR 33.4 million in 2005 after EUR 28.0 million in the

previous year.

The shareholders voted with the Board of Management on nearly all

resolutions. Only the authorization to sell own shares missed the required

75 percent approval. By authorising the acquisition of own shares and the

extension of the existing authorisation to increase the share capital, the

shareholders have provided the company with further resources enabling it

to press ahead with its successful course of expansion. Chairman of the

Board of Management Joachim Gut made it plain that Balda is aiming to

expand into new markets especially in Asia both in the mobile telephone

market and by means of technological diversification. Mr. Gut also went on

to explain Balda’s motives for changing the joint-venture partner in Asia.

The cooperation with the new partner Michael Chiang, he said, will present

new opportunities in terms of technological diversification and will lead

to a closer networking as regards technological cooperation. Mr. Gut

appeared confident of achieving the ambitious goal of generating revenues

in excess of EUR 1 billion by 2010. Although Balda’s focus is still firmly

entrenched in the infocom business with mobile telephones, Mr. Gut

anticipates new, substantial performers in the medium term for the group

based in Bad Oeynhausen, Germany.

Broad consensus among shareholders

Just as the shareholders discharged the Board of Management and Supervisory

Board almost unanimously, the General Assembly passed the other motions of

the Board of Management with a large majority. Among other things Balda is

making use, with the approval of the shareholders, of the option of not

reporting the individual emoluments paid to the Board members in the 2006

fiscal year. Moreover, the shareholders approved a new stock option plan

for the management.

* * *

Cersten Hellmich / Kathrin Wiederrich

Balda AG

Bergkirchener Straße 228

D – 32549 Bad Oeynhausen

Phone: (+49)(05734) 922-2706 / -2751

Fax: (+49)(05734) 922-2691

Email: chellmich@balda.de / kwiederrich@balda.de

Internet: www.balda.de

01.06.2006 Dissemination of a Corporate News, transmitted by DGAP –

a company of EquityStory AG.

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Language: English

Company: Balda AG

Bergkirchener Str. 228

32549 Bad Oeynhausen


Phone: +49 (0) 57 34 / 9 22-0

Fax: +49 (0) 57 34 / 9 22-2604

E-mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr

in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service