burgbad Aktiengesellschaft
Annual General Meeting of burgbad AG consents to squeeze-out
burgbad Aktiengesellschaft / AGM/EGM 11.05.2010 20:27 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Annual General Meeting of burgbad AG consents to squeeze-out - Dividend of EUR 1.20 per share approved - Sales in Q1/2010 at previous year's level Bad Fredeburg, 11 May 2010 - The Annual General Meeting of burgbad AG held today in Düsseldorf has consented to a squeeze-out. The company's remaining minority shareholders are to be offered cash compensation of EUR 19.67 per share. ECZACIBAŞI Yapi Gereçleri San. ve Tic. A.Ş. is thus taking over the remaining shares in burgbad AG. The squeeze-out will become effective upon entry of the corresponding resolution in the Commercial Register. As well as adopting the squeeze-out resolution, the Annual General Meeting also approved the actions of the Management and Supervisory Boards of burgbad AG in the 2009 financial year. Furthermore, shareholders also approved the proposal by the Management and Supervisory Boards to distribute a dividend of EUR 1.20 per share once again. Sales match previous year's figure in first quarter of 2010 Overall, burgbad AG can report a satisfactory start to the 2010 financial year. At EUR 19.7 million, consolidated sales were at exactly the same level as in the previous year. Incoming orders performed stably at EUR 20.1 million (previous year: EUR 19.9 million). On the earnings side, burgbad posted earnings before interest and taxes (EBIT) of EUR 1.3 million for the first three months of 2010 (previous year: EUR 1.5 million), equivalent to an EBIT margin of 6.4% (previous year: 7.8%). Net income for the quarter amounted to EUR 0.9 million, as against EUR 1.1 million in the previous year's period. The complete quarterly report is available for downloading from www.burgbad.com. The Management Board 11.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: burgbad Aktiengesellschaft Kirchplatz 10 57392 Schmallenberg Deutschland Phone: +49 (0) 2974.9617-0 Fax: +49 (0) 2974.9617-277 E-mail: info@burgbad.de Internet: www.burgbad.de ISIN: DE000A0EKLW0 WKN: A0EKLW Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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