DGAP-News

Wacker Neuson SE: Wacker Neuson SE AGM approves the proposed dividend, authorized capital is renewed

DGAP-News: Wacker Neuson SE / Key word(s): AGM/EGM/Dividend Wacker Neuson SE: Wacker Neuson SE AGM approves the proposed dividend, authorized capital is renewed 30.05.2017 / 16:32 The issuer is solely responsible for the content of this announcement. Wacker Neuson SE AGM approves the proposed dividend, authorized capital is renewed (Munich, May 30, 2017) The Annual General Meeting (AGM) of Wacker Neuson SE took place in Munich today. The dividend payout proposed by the Executive Board and Supervisory Board in the amount of EUR 0.50 per share was duly approved by the shareholders. In addition to this, approved capital was renewed, authorizing the Executive Board to increase the company's share capital, under certain conditions, by up to 25 percent. 216 shareholders representing a total of 59,711,408 voting rights attended the Wacker Neuson SE Annual General Meeting in Munich today. Based on a share capital of 70.14 million shares, this corresponds to a 85.13-percent attendance. In fiscal 2016, Wacker Neuson kept revenue stable despite challenging market conditions. The Executive Board described 2016 as a year of transition, marked by the optimization of processes and structures coupled with groundwork for future growth. The Executive Board and Supervisory Board are optimistic about the current fiscal year. Resolutions passed at the AGM The dividend payout proposed by the Executive Board and Supervisory Board's amounting to EUR 0.50 per share for fiscal 2016 (previous year: EUR 0.50) was approved by shareholders. This underscores the company's commitment to continuity in its dividend policy. The payout of EUR 35,070,000 (EUR 0.50 per share based on a total of 70,140,000 eligible shares) corresponds to a distribution ratio of 61.7 percent based on Group profit for 2016. The dividends are payable on June 2, 2017.