Tintbright AG
Tintbright AG: AGM approves dividend
Tintbright AG / Key word(s): AGM/EGM/Dividend Tintbright AG: AGM approves dividend – 100% approval – Dividend payment of EUR 1.64 per share adopted – Old shareholders waive dividend – Auditor confirmed – Conditional capital created Frankfurt, 12 August 2014 – All motions put to yesterday’s AGM of Tintbright AG were passed with 100% of the vote. Above all, the attending shareholders approved the dividend policy of Tintbright AG. As previously announced, the textile manufacturing company is paying a dividend of EUR 1.64 per share. However, the old pre-IPO shareholders waived their right to the dividend in order to keep the funds in the company and allow it to exploit future growth opportunities. This proposal, which was put forward by Tianzhun Zhao as a counter-motion to the original proposal for the distribution of the profit, was adopted by all shareholders represented at the meeting. In addition, the actions of the Management Board and Supervisory Board were ratified, Warth & Klein Grant Thornton was confirmed as the auditor for the financial statements of the company and the consolidated financial statements of the Group for 2014 and a conditional capital was created. The presentation given at the AGM and details of the voting results are available on the company’s website at Investor Relations / Downloads.
Tintbright AG is the German holding company of an established and fast growing Chinese textile manufacturer, which employs more than 1,100 workers in the production and processing of fabrics. This comprises weaving, printing and dyeing fabrics, and post-processing treatments. The company recognized the trend towards one-stop-solutions in the textile industry very early on and is now one of very few Chinese companies offering vertically integrated services to its customers. Tintbright increasingly focuses on innovative and functional product properties such as UV-protection and anti-static and anti-bacterial finishes. Tintbright’s products are sold to textile manufacturers, mainly in Fujian province and to local trading companies serving the whole PRC market and the most important export markets. Its broad customer base comprising over 550 buyers includes well-known Chinese brand names such as K-boxing, Anta and SeptWolves. For further information about the company visit: www.tintbright.de/en
Tintbright AG Ang Chung Member of the Management Board and CFO Email: ir@tintbright.de Phone: +86 187 5941 6698
This document is no offer for the purchase of securities in the United States of America. Securities may only be sold or offered for sale with the previous registration under the U.S. Securities Act of 1933 in the actual valid version or without previous registration only pursuant to an exemption. The shares of Tintbright AG (the ‘Shares’) have not been registered under the U.S. Securities Act of 1933 in the actual valid version and may not be sold or offered in the United States. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the ‘Order’) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as ‘relevant persons’). The Shares, which are referred to, are only available to relevant persons and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. 12.08.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Tintbright AG | |
c/o HRG mbH, Ferdinandstr. 25 | ||
20095 Hamburg | ||
Germany | ||
Phone: | +86 595 8539 2011 | |
Fax: | +86 595 8538 7408 | |
E-mail: | ir@tintbright.de | |
Internet: | www.tintbright.de | |
ISIN: | DE000A1PG7W8 | |
WKN: | A1PG7W | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin | |
End of News | DGAP News-Service |
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