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EANS-General Meeting: voestalpine AG / Resolutions of the General Meeting
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05.07.2017
voestalpine AGM resolves EUR 1.10 dividend
voestalpine AG's annual financial statements for 2016/17 once again confirm the
Group's strong appeal to its shareholders as a profitable investment. At today's
25th Annual General Meeting, a dividend of EUR 1.10 per dividend-bearing share
was resolved for the business year 2016/17. The shareholders thus approved the
corresponding proposal by the Management Board and the Supervisory Board. After
EUR 1.05 in the previous year, this year's dividend corresponds to a further
increase of 4.8%. The company is therefore paying out a higher dividend to its
shareholders for the fifth year in a row. The dividend will be transferred from
July 17, 2017 (ex-dividend date: July 13, 2017).
Based on an average price of the voestalpine share of EUR 33.62 in the business
year 2016/17, the dividend yield for this period is 3.3% (previous year: 3.2%).
voestalpine AG has therefore distributed a dividend to its shareholders
consistently-i.e. every year-since going public in 1995, in the amount of EUR
2.6 billion in total including the business year 2016/17. The dividend yield
over the total listing period of almost 22 years is thus 3.8%.
The Annual General Meeting authorized the Management Board to purchase own
shares up to a maximum of 10% of voestalpine AG's share capital. This
essentially renews the authorizations to purchase own shares granted in previous
years-most recently in 2015-to further expand the employee participation plan
and to issue any convertible bonds, among other purposes. The authorization to
purchase own shares is valid for a period of 30 months. In this connection, the
Management Board of voestalpine AG was also authorized to redeem own shares up
to a maximum of 10% of the company's share capital and thus to reduce the share
capital by a maximum of 10%.
The voestalpine Group
In its business segments, voestalpine is a globally leading technology and
capital goods group with a unique combination of material and processing
expertise. voestalpine, which operates globally, has around 500 Group companies
and locations in more than 50 countries on all five continents. It has been
listed on the Vienna Stock Exchange since 1995. With its top-quality products
and system solutions using steel and other metals, it is one of the leading
partners to the automotive and consumer goods industries in Europe as well as to
the aerospace, oil and gas industries worldwide. The voestalpine Group is also
the world market leader in turnout technology, special rails, tool steel, and
special sections. In the business year 2016/17, the Group generated revenue of
EUR 11.3 billion, with an operating result (EBITDA) of EUR 1.54 billion; it has
around 50,000 employees worldwide.
Further inquiry note:
DI Peter Fleischer
Head of Investor Relations
Tel.: +43/50304/15-9949
Fax: +43/50304/55-5581
mailto:peter.fleischer@voestalpine.com
http://www.voestalpine.com
end of announcement euro adhoc
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issuer: voestalpine AG
voestalpine-Straße 1
A-4020 Linz
phone: +43 50304/15-9949
FAX: +43 50304/55-5581
mail: IR@voestalpine.com
WWW: www.voestalpine.com
ISIN: AT0000937503
indexes: WBI, ATX
stockmarkets: Wien
language: English
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