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ANDRITZ AG Annual General Meeting approves substantial dividend increase and split of shares - 105th Annual General Meeting of Shareholders of ANDRITZ AG agreed to a dividend payment of 2.20 Euros per share for the 2011 business year - ANDRITZ.com
ANDRITZ AG Annual General Meeting approves substantial dividend increase and split of shares

 

PRZOOM - /newswire/ - Graz, Austria, 2012/03/22 - 105th Annual General Meeting of Shareholders of ANDRITZ AG agreed to a dividend payment of 2.20 Euros per share for the 2011 business year - ANDRITZ.com. Reuters: ANDR.VI

   
 
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Today’s 105th Annual General Meeting of Shareholders of ANDRITZ AG agreed to a dividend payment of 2.20 Euros per share for the 2011 business year, which is an increase of 29% compared to the dividend for the 2010 business year (1.70 Euro per share). Ex-dividend date is March 26, 2012, the date of dividend payment March 28, 2012.

The Annual General Meeting also agreed to split the shares in a ratio of 1:2, whereby the number of shares will increase to 104,000, 000 and the proportionate amount of the capital stock will be 1.- Euro per no-par

value share in the future. The corresponding adjustment of the share price at the Vienna Stock Exchange is planned to take place on April 23, 2012.

Christian Nowotny, who has been a member of the ANDRITZ AG Supervisory Board since 1999, was reappointed to the Supervisory Board of ANDRITZ AG.

All items on the agenda were approved by the shareholders present at the Meeting.

The ANDRITZ GROUP

International technology Group ANDRITZ (andritz.com) is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, solid-liquid separation in the municipal and industrial sectors, the steel industry, and the production of animal feed and biomass pellets. In addition, ANDRITZ offers technologies for certain other sectors including automation, pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass boilers and gasification plants for energy generation, flue gas cleaning plants, plants for the production of panelboards (MDF), thermal sludge utilization, and torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz, Austria and has a staff of approximately 16,700 employees worldwide. ANDRITZ operates over 180 production sites as well as service and sales companies all around the world.

 
 
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ANDRITZ AG Annual General Meeting approves substantial dividend increase and split of shares

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ANDRITZ AG |
Contact: Oliver Pokorny - ANDRITZ.com 
+43(316) 6902 1332 oliver.pokorny[.]andritz.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ANDRITZ AG securities in any jurisdiction including any other companies listed or named in this release.

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