DGAP-News

Lloyd Fonds Aktiengesellschaft: Shareholders approve dividend of 16 Cent per share at the annual general meeting; Dr. Stefan Rindfleisch new chairman of the Supervisory Board.

DGAP-News: Lloyd Fonds Aktiengesellschaft / Key word(s): Dividend/Change of Personnel Lloyd Fonds Aktiengesellschaft: Shareholders approve dividend of 16 Cent per share at the annual general meeting; Dr. Stefan Rindfleisch new chairman of the Supervisory Board. 24.05.2017 / 17:17 The issuer is solely responsible for the content of this announcement. Shareholders approve dividend of 16 Cent per share at the annual general meeting; Dr. Stefan Rindfleisch new chairman of the Supervisory Board. At this year's annual general meeting, the shareholders of Lloyd Fonds AG approved (99,7 percent) the proposal put forward by the Supervisory Board and the Management Board to distribute a dividend of EUR 0.16 per share for 2016 (previous year: EUR 0.07). This resolution was based on the net profit for 2016 of EUR 3.3 million determined in accordance with the German Commercial Code for the year ending December 31, 2016. This translates into an unappropriated surplus of EUR 3.9 million under the German Commercial Code. Net profit calculated in accordance with IFRS stands at EUR 3.2 million.

On the basis of the dividend-entitled share capital of EUR 9.2 million, the total payout stands at EUR 1.5 million. This is equivalent to a dividend return of around 5.3 percent for the shareholders (closing price on March 20, 2017: EUR 3.04). Consequently, around 45 percent of the unappropriated surplus under the German Commercial Code is being paid out.

The balance of EUR 1.8 million is being carried forward, meaning that Lloyd Fonds AG has an unappropriated surplus of a total of EUR 2.4 million after the dividend distribution. "We are pleased to be able to pay out a good dividend to our shareholders for the second consecutive year and will be doing everything in our power to continue this dividend policy in the future," says Dr. Torsten Teichert, CEO of Lloyd Fonds AG.

 

Dr. Stefan Rindfleisch elected new chairman of the Supervisory Board

At the annual general meeting, the shareholders elected Dr. Stefan Rindfleisch to the Supervisory Board for the first time (99,9 percent). In the ensuing meeting of the Supervisory Board, he was elected chairman to take over from Prof. Dr. Eckart Kottkamp. Rindfleisch, an attorney from Hamburg, has a proven track record in shipping. In particular, he specializes in maritime finance and has been involved in numerous national and international fleet finance transactions, syndication and restructuring as well as container finance.