DGAP-News: Balda approves a dividend of 30 cents
01.06.2006
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.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
—————————————————————————
Language: English
Company: Balda AG
Bergkirchener Str. 228
32549 Bad Oeynhausen
Germany
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
—————————————————————————