ISRA VISION Parsytec AG
Parsytec AG: Capital disbursement of EUR 1 per share
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Capital disbursement of EUR 1 per share
Sustained positive cash flow frees up funds for shareholders
Return on equity rises from 10 % to over 20 %
Aachen – March 23, 2006. The Management and Supervisory Boards of Parsytec
AG – the world’s leading provider of surface inspection systems for strip
products – are proposing to the Annual General Meeting on May 23, 2006 that
a one-time disbursement of EUR 1 per share be resolved. A total of app. EUR
12.5 million would thus flow to the shareholders. Given this substantial
disbursement, the Company is forgoing paying a dividend for business year
2005 as originally considered.
The Management and Supervisory Boards passed this proposal to the Annual
General Meeting unanimously. The goal: to return to the shareholders free
cash that the Company not requires. “This will improve the return on equity
and is significant proof of our focus on shareholder value”, explains
Christoph Rau, CEO designate of Parsytec AG. “We remain on track for
growth. We have sufficient liquid funds at disposal for financing our
organic growth also after the disbursement. Moreover, we expect a positive
and further increasing cash flow from operating activities.” After the
special payment to shareholders, the Company expects liquid assets to total
over EUR 5 million. Potential acquisitions shall be primarily executed
using own shares.
The proposal to the Annual General Meeting comprises the following: For
enabling the capital disbursement, the subscribed and issued capital will
initially be raised from own funds and then be decreased by the amount
disbursed. At the same time, the shares will be consolidated on a 1 for 2
basis. In this way, the number of shares will be adjusted to reflect the
size of the Company.
Parsytec AG
Investor Relations
Dr. Martin Mertes
Auf der Huels 183
52068 Aachen
Germany
Tel +49 (241) 9696 200
Fax +49 (241) 9696 500
Email: ir@parsytec.de
Internet: www.parsytec.de
(c)DGAP 23.03.2006
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language: English
emitter: Parsytec AG
Auf der Hüls 183
52086 Aachen Deutschland
phone: +49 (0)2419696-200
fax: +49 (0)241 9696-500
email: ir@parsytec.de
WWW: www.parsytec.de
ISIN: DE0005089908
WKN: 508990
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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